The FSA has banned and fined a Gillingham mortgage broker £106,499.

The regulator found that Michael Joseph James Lewis (trading as Lewis Partnership) knowingly submitted regulated mortgage applications in his own and clients’ names to lenders containing false and misleading information.

The FSA said he had inflated incomes and provided false employment details for his clients. He was also found to have acquired, certified and providing a falsified payslip to a lender for a client in order to provide evidence of an inflated income.

The fine comprised a disgorgement of commission/fees of £6,499 arising from the fees paid to Mr Lewis on completion of five regulated mortgage contracts which were arranged by him and a punitive element of £100,000.