A hurdle which is being met on the way mortgage advice providers is the frequent setting of new standards by the governments and regulating bodies. In the US it is now illegal to encourage a client to buy a high end property. It is being interpreted as misleading so that the broker can get a bigger slice of the commission. This law is hindering the growth of the sales and marketing departments in the housing or real estate industry.

The whole of market is also being hit hard for each day there new entrants who are more equipped. So the size of competition is increasing day in day out. Also the regulation about the qualification is adding to their operating cost for the very skilled are asking for large salaries. Before people without the academic qualifications but many years experience were being used and were cheaper. In another angle the rule is positive for clients can be advised by people who understand the money markets.

When the size of sale is limited the players in the remortgage business are also affected for they cannot encourage people to take mortgages which are equal to the value of their assets. Many people due to fear mostly take just part of the total value so as they can clear faster.

In the terms of credit regulation the mortgage lenders are not being well protected from frauds and defaulting clients. The only redress is in the courts and as you know law suits are very expensive. This is making them lose a lot of money.