BLSMEXPO 2014: DA’s need compliance support

With the MMR implementation date of April 26 fast approaching Sinclair said such support was of paramount importance.

Speaking to a packed conference theatre at the Blimey Loans Mortgage and Finance Expo Scotland this morning he said: “Moving forward DA’s are going to need compliance support. As we go through this process compliance support will be very important.

“The regulator can’t check everyone and it expects someone to do it.”

Sinclair also predicted a tightening of product lines as we move forward.

He said: “In the short term expect to see a tightening of products from lenders. However this should only be a short term issue as competition will cause the market to expand.”