Mort­gagees forced to take ad­vice

Yorkshire Post - Property - - PROPERTY -

THE Fi­nan­cial Ser­vices Author­ity has pub­lished rules say­ing that home buy­ers must be given ad­vice be­fore be­ing granted a mort­gage, as op­posed to sim­ply be­ing pro­vided with the in­for­ma­tion to make the de­ci­sion them­selves.

The rules have been wel­comed by the Peter Lead­beater, man­ag­ing di­rec­tor of Dacre Son & Hart­ley Fi­nan­cial Ser­vices, part of Mort­gage Ad­vice Bureau.

He says: “We feel it es­sen­tial that any­one con­tem­plat­ing tak­ing out a mort­gage should get ad­vice, and we are de­lighted that this view has now been en­dorsed by the FSA.”

Dacre Son & Hart­ley Fi­nan­cial Ser­vices is an in­de­pen­dent mort­gage bro­ker, mean­ing they can search the en­tire mar­ket for deals.

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