Manzil Home Purchase Plans welcomes the regulation of Home Purchase Plans.
With effect from 6th April 2007 some Home Purchase Plans (Islamic 'Mortgages') will
have formal protection from the Financial Services Authority.
A consequence of regulation means that we must have staff with the necessary skills and
knowledge, give our clients clear and transparent information about our services and only
sell clients products that suit client needs and circumstances. Also if things go wrong
clients may have access to schemes that deal with complaints and possibly compensation.
As a result of the Financial Services Authority’s regulation Manzil Home Purchase Plans will
continue to be able to accept introductions and referrals from regulated financial intermediaries.
AUBUK welcomes the move by the Financial Services Authority and looks forward to continued
recognition by the industry of this growing niche market.
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