Lie-to-Buy Mortgage Brokers & the FSA.

MissMoneypenny

koexelek wrote: »

Of course, they never but it in writing,

There lies the problem. You don't have any proof.

koexelek wrote: »

on ocasions, I have even been told my lenders that they will guarantee not to check the clients income if they agreed to take out an insurance policy with them, as well as the mortgage

In writing?

koexelek wrote: »

A lot of the high street lenders that are so called " pillars of society" are very corrupt organisations, believe me

.

I do believe you, but you haven't got any proof it seems? They could just deny it and the fraud paper trial will lead to your door and that of the borrowers.

koexelek

MissMoneypenny wrote: »

I do believe you, but you haven't got any proof it seems? They could just deny it and the fraud paper trial will lead to your door and that of the borrowers.

No, no proof.
It would only be my word against theirs, and they would deny it all.

I have no personal concerns though, as I did not take them up on any of their "suggestions" :cool:

Until such time as the commission on a mortgage sets me up for life, and there is a 99.9999999999999% chance that I would not get found out, I think I'll give mortgage fraud a miss

Robert_Sterling_3

Conrad wrote: »

We must treat customers fairly. Lets tell them they cant get the mortgage, even though they can afford the equivalent rent, so they must pay rent and make a middle class landlord richer and cause the wealth divide that causes liberals so much anxt, to grow ever wider and thus entrench life chance differentials even further.

I may be a bit thick but I am not quite sure whether you are advocating fraud as part of a political agenda.

FraudBuster

FSA bans Wakefield mortgage broker for fraud

FSA/PN/033/2009
02 March 2009
The Financial Services Authority (FSA) has banned Wakefield-based mortgage adviser Mohammed Ahmed for submitting mortgage applications on his and a customer’s behalf that were supported by false payslips.

http://www.fsa.gov.uk/pages/Library/Communication/PR/2009/033.shtml

FraudBuster

Renbe Associates banned for submitting false and misleading information to the FSA

FSA/PN/036/2009
11 March 2009
The Financial Services Authority (FSA) has banned Anthony Abiona - trading as Renbe Associates - for failing to act with honesty and integrity by misleading the regulator and submitting false and misleading information to lenders.

http://www.fsa.gov.uk/pages/Library/Communication/PR/2009/036.shtml

FraudBuster

FSA censures broker for advice failings on self-certified mortgages

FSA/PN/041/2009
24 March 2009
The Financial Services Authority (FSA) has publicly censured Doncaster mortgage broking firm Mortgages Remortgages Ltd (‘the firm’) for failing to ensure it provided suitable advice and exposing up to 80 of its customers to the risk of being sold an unsuitable self-certified mortgage.

http://www.fsa.gov.uk/pages/Library/Communication/PR/2009/041.shtml

Robert_Sterling_3

Conrad wrote: »

Of course we should not condone dogy dealing

Your post led me to believe that you would condone it.

Any idea why your signature was expurgated?

FraudBuster

FSA bans London mortgage broker for fraud

FSA/PN/043/2009
30 March 2009
The Financial Services Authority (FSA) has banned Walthamstow-based mortgage adviser Ashfaq Ahmed for submitting mortgage applications on his own behalf that were based on false and misleading information about his income.

http://www.fsa.gov.uk/pages/Library/Communication/PR/2009/043.shtml

Robert_Sterling_3

Conrad wrote: »

We must treat customers fairly. Lets tell them they cant get the mortgage, even though they can afford the equivalent rent, so they must pay rent and make a middle class landlord richer and cause the wealth divide that causes liberals so much anxt, to grow ever wider and thus entrench life chance differentials even further.

On the other hand Conrad you could conspire to defraud though not for personal gain I trust.

Rafter

Perhaps there is a need for the creation of a Building Society in their original format:

A group of people would start saving. When there was enough to buy or build a house there would be a lottery and the person who won would get the home. The rest they then saved, would be ploughed back into the society and a second lottery would be held and so on.

Sure, there is an element of luck, but at least those currently denied access to mortgage loans could get a property?

R.