Broker banned after adding parents' income to application

The regulator says Stephen Sanders submitted at least three mortgage applications which he knew contained false and misleading income information. For the first customer mortgage application, the income was substantively higher than that declared by the customer to HMRC. In the second application, the income figure included some of the earnings of the customer's parents which was falsely described as his own. In the third case, there were discrepancies in the application about the income sources of the two customers who were making a joint application. On his own residential and...