Two mortgage outfits have had their permissions withdrawn by the FSA.
The Mortgage Company (1992) Ltd from Hull has been notified by the regulator that its failure to submit its Retail Mediation Activities Return (RMAR) for the period ended 31 March 2010 was a significant one. It was also found not to have been open and co-operative in all its dealings with the FSA and failed to comply with Principle 11 of the FSA’s Principles for Businesses and to satisfy the FSA that it is ready, willing and organised to comply with the requirements and standards under the regulatory system.
Meanwhile, Carol Lawson, trading as St Johns Mortgages, from Westminster Bridge Road in London SE1 7HR, was also found to have failed to respond adequately and provide information to the FSA, despite repeated requests by the FSA to do so.
