FSA ban commissionShoddy Advice to End With Sales Commission Ban

The Financial Services Authority (FSA) have announced plans to prevent the mis-selling scandals of the past 20 years by making the sale of financial products more transparent to the public and customers. For many years financial advisors have mis-sold products ranging from mortgages, pensions and bonds selling products which give them the most commission rather than acting in the best interest of the customer. This ban on commission from sales is set to be implemented in December 2012.

This will mean an end to commission payments from providers and all customers needing to be informed of the cost of advice upfront in the form of a fee. While this is set to have a negative effect on business volume to those companies offering larger commission, companies that offer lesser commission or products such as investment trusts and National Savings & Invesments are set to prosper. The FSA have also demanded all advisors to be better qualified.

Apply now! Get a great deal on a mortgage here

This form will allow a mortgage specialist to find you the best quotes from their product range, with good or poor credit.

It will take less than a minute to complete

Mortgage details

Change
Select the type of loan you require, if unsure select other
Enter the amount you wish to borrow e.g. 100,000
Enter the value of your property e.g. 150,000
Next

Property details

Change
Your current home address
How long have you lived at this address
Next

Your details

Change
Your full name e.g. Mr John Smith
Your date of birth
Your home telephone number e.g. 01234 567890
Your work telephone number e.g. 01234 567890
Your mobile phone number e.g. 07710 567890
Your email address e.g. test@example.com
Do you have any County Court Judgements?
Do you have any Individual Voluntary Arrangements?
Have you ever missed payments?
Have you ever declared bankruptcy?

If your looking for unbiased advice from the top lenders and advisors then look no further than Rainbow. We have mortgage products for everyone and all circumstances and won't be mis-selling products for extra commission. Complete the forms and an expert will call you back as soon as possible.