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Foreign Currency Mortgage

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Uzoma | 13:20 Fri 15th Aug 2008 | Personal Finance
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What qualification does a person need to be able to offer advice on foreign currency mortgages?
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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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