ASTL supports FSA action on bridging lender

Published on

By admin

The trade body which represents the majority of UK short-term lenders says that the FSA acted appropriately in fining and banning directors of Bridging Loans Ltd.

A fortnight ago the FSA fined Bridging Loans Ltd £42,000 and its director Joseph Cummings £70,000 for “serious failures relating to lending practices and for failing to treat customers fairly in arrears””.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Help to Buy

Revived Help to Buy would inflate prices: Lamdin

Restoring Help to Buy would strengthen developers’ sales without solving the underlying affordability crisis...
Income protection

One in three workers financially fragile despite being employed

More than a third of UK employees remain financially fragile despite being in work,...
Repricing

Nationwide cuts fixed mortgage rates by up to 0.15%

Nationwide Building Society is reducing selected fixed mortgage rates by up to 0.15 percentage...
Appointments

L&G appoints Kerrigan to drive Ignite broker rollout

Legal & General has appointed Craig Kerrigan as broker relationship manager for its Ignite...
results

Iress UK lifts underlying earnings as costs fall

Iress UK increased underlying adjusted earnings by 43% in the first half of 2026...

Latest publication

Other news

Help to Buy

Revived Help to Buy would inflate prices: Lamdin

Restoring Help to Buy would strengthen developers’ sales without solving the underlying affordability crisis...
Income protection

One in three workers financially fragile despite being employed

More than a third of UK employees remain financially fragile despite being in work,...
Repricing

Nationwide cuts fixed mortgage rates by up to 0.15%

Nationwide Building Society is reducing selected fixed mortgage rates by up to 0.15 percentage...