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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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