Personal Finance

Foreign Currency Mortgage

What qualification does a person need to be able to offer advice on foreign currency mortgages?

Uzoma Fri 15/08/08 13:20

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Jenna1978
Fri 15/08/08
19:49

You can do CeMap training though not required.

You don't have to be qualified but need to be FSA registered to conduct any mortgage business.

http://www.fsa.gov.uk/Pages/Doing/small_firms/ mortgage/regulated/index.shtml

Foreign mortgages do not fall within the regulatory responsibilities of the Financial Services Authority (FSA). This means that if you choose to take up a foreign mortgage (via any broker or lender) you will not have the means of redress offered by regulated mortgage contracts in the event that you have a complaint.

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