The Financial Conduct Authority (FCA) has warned borrowers about an unregulated mortgage adviser promising self-certified and 100% plus LTV loans.
The website of Bolton-based Directhome states while the Financial Services Authority (FSA) had cracked down on self-certification it had advisers who could help. Although the firm has not been authorised to carry out regulated activity in the UK its website promising mortgage advice is still live. On a page of the website addressed to self-employed borrowers, it stated: "If you are currently self employed and looking for a mortgage then we can help despite the FSA banning self certified mortgages and Fast-Track Mortgages. "There are a few loopholes that have not yet been closed and...
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