FSA censures mortgage broker

Mr Habib, who traded as MAH Mortgage and Finance, must also pay for an independent review of his past business, compensate customers if appropriate, and must stop providing regulated mortgage advice. The FSA found various failings which exposed customers to the risk of being recommended mortgages which were unsuitable or they could not afford. It found between 31 October 2004 and 11 January 2008 that Mr Habib failed to assess, or record that he had assessed, his customers’ ability to pay the mortgage he recommended. He also could not provide proof that self-certification mortgages he re...