Special Official Note For Mortgage Brokers

kenshaz

MortgageMamma wrote:

As per Andrew I agree this thread is now exhausted and there is nothing more worth saying on the subject - I was just wondering, do you think we should go back and delete any post which is "waffle" and off topic for Martins Benefit? or should we justleave it as it is?

Leave it as it is

payless

kenshaz wrote:

http://www.fsa.gov.uk/pubs/policy/ps186_vol2.pdf

Regards Ken

hey.. accidently hit the thanks instead of the quote button !!

thats a policy statement issued 2 yrs prior to start of the MGI rules.. I actually quoted the correct MCOB rule earlier in this ( very long) thread...( as mentioned above) .. even if its an ad ( which is not certain ) the MCOB rules don't require full disclosure on basic ads if they just say mortgage broker , name , and contact details ..

Saying independent/ fees free / whole of market might however not gain from such an exclusion

HelpWhereIcan

payless wrote:

thats a policy statement issued 2 yrs prior to start of the MGI rules

Payless

As the one who originally posted the link that Kenshaz used, I feel I have to point out that the relevant sections of MCOB 3.2 (MCOB 3.2.2 and MCOB 3.2.4) are the same as the current FSA handbook and that I originally posted it to make the same point that I have always made and the one you have also made.

kenshaz

payless wrote:

hey.. accidently hit the thanks instead of the quote button !!

thats a policy statement issued 2 yrs prior to start of the MGI rules.. I actually quoted the correct MCOB rule earlier in this ( very long) thread...( as mentioned above) .. even if its an ad ( which is not certain ) the MCOB rules don't require full disclosure on basic ads if they just say mortgage broker , name , and contact details ..

Saying independent/ fees free / whole of market might however not gain from such an exclusion

Well,difficult when you are in the minority,but I know that really you can see through all the froth ,like everyone else can.I am isolated,but fortunately the people who make the decisions are impartial.
When two members of a group are dominant because of their personalties do not prevent it allowing you to speak out against your peers.

kenshaz

HelpWhereIcan wrote:

As the one who originally posted the link that Kenshaz used, I feel I have to point out that the relevant sections of MCOB 3.2 (MCOB 3.2.2 and MCOB 3.2.4) are the same as the current FSA handbook and that I originally posted it to make the same point that I have always made and the one you have also made.

Sorry I hit the thanks button,deliberately.I understand

whiteflag_3

silvercar wrote:

Why not just say, "Martin has asked me to point out I am a mortgage broker, though I post only general infomation here for which I accept no liability."

I don't know how you say you are a mortgage broker without mentioning the word mortgage!

Bit concerned that I my name may lead people to believe I have a silver coloured car.

If Martin insists on some kind of signature ( i still think theres no need) I think this is the best so far- short, polite and not full of regulatory waffle

Silvercar- I drive a silver car but dont own any flags let alone a white one :rotfl:

kenshaz

Payless --Thanks I hit the Thanks button deliberately,no one will know ,promise will not tell
Regards Ken
If I needed a mortgage, I don't,because mine are paid up,I would use you of two.

kenshaz

HelpWhereIcan wrote:

Payless

As the one who originally posted the link that Kenshaz used, I feel I have to point out that the relevant sections of MCOB 3.2 (MCOB 3.2.2 and MCOB 3.2.4) are the same as the current FSA handbook and that I originally posted it to make the same point that I have always made and the one you have also made.

and this is the other broker that I would consider.
Martin if you read this post .This the broker that talks the most sense.

AndrewSmith

Originally Posted by silvercar
Why not just say, "Martin has asked me to point out I am a mortgage broker, though I post only general infomation here for which I accept no liability."

The only possible flaw in this statement is that it could be 'perceived' that Martin Lewis or MSE is 'endorsing' that particular broker. I still think the best one is like my last official one:

I am a Mortgage Broker
My posts are not advice and are for generic discussion purposes only. For specific advice contact a suitably qualified professional

Crisp, short and to the point. Possibly even lose the last sentence.

Andy

Arch-Angel

AndrewSmith wrote:

The only possible flaw in this statement is that it could be 'perceived' that Martin Lewis or MSE is 'endorsing' that particular broker. I still think the best one is like my last official one:

I am a Mortgage Broker
My posts are not advice and are for generic discussion purposes only. For specific advice contact a suitably qualified professional

Crisp, short and to the point. Possibly even lose the last sentence.

Andy

Basically...what everyone was using before this thread started!! :rotfl:

Sorry - couldn't resist!:D