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Article: Time to weed out the cowboys in the estate agents' world
- Article from:
- The Scotsman
- Article date:
- July 19, 2008
- Author:
CopyrightCopyright 2008 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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THERE'S a surprising lack of consensus among the experts, from
rent-a-quote pundits to globally recognised economists, as to the
gravity of the economy's woes.
But if a real financial crisis has one virtue, it's that it has a
useful habit of separating the wheat from the chaff in the financial
services world.
In the past two weeks alone, seven mortgage brokers have been
banned by the Financial Services Authority (FSA). In most cases they
have been guilty of mortgage fraud - or more specifically,
submitting false mortgage applications.
They've only been banned from regulated business, however, so
some may engineer a career change and become estate agents.
It's astonishing that, while ...