Pounds 100,000fine for Mortgage Broker ; but He'll Fight Trading Ban Wales

Daily PostOctober 01, 2008

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Summary


A MORTGAGE broker has been banned from trading and fined pounds 100,000 for exposing 1,500 customers to the risk of bad mortgage advice.

Rhyl-based Stephen Jones failed to make sure customers could afford the mortgages he had recommended, the Financial Services Authority said.

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Extract


Pounds 100,000fine for Mortgage Broker ; but He'll Fight Trading Ban Wales

Mr Joneswas senior partner of Jones and Poole Independent Mortgage Specialists, in Edinburgh House, Clwyd Street.

The FSA alleged Mr ...

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