PPI Claim News - 12/11/2009

Loan Protection: Birmingham mortgage broker banned

Mohammed Hanif, a mortgage broker operating in Birmingham, has been banned from practicing by the Financial Services Authority (FSA).

He was found to have obtained authorisation through false information.

Mr Hanif's application to the FSA stated that his daughter-in-law was authorised to act as a financial professional for their firm Pak Property Centre and had experience in this area.

In fact, she was not aware of the application submitted in her name and had nothing to do with the day-to-day running of the business.

Margaret Cole, the FSA's director of enforcement and financial crime, said: "He deceived the FSA by presenting sham governance arrangements during the authorisation process.

"This misconduct, which is very serious in itself, is compounded by the fact that he went on to use the authorised business to commit mortgage fraud."

The FSA is the official regulator of the UK's financial service agency and all lenders and companies offering financial services must be registered with them.

For free advice on how to make a PPI ClaimPayment Protection Insurance claim or a credit card charges claim then call Belmont Thornton on 0845 526 0000 or fill in the Quick Claim form to be sent a free PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19457257-ADNFCR


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