MFAA expels Freedom Finance & Property Group

The MFAA has expelled mortgage consultant Anh- Tuan Pham and his company, Freedom Finance & Property Group, for misconduct.

“Pham engaged in dishonest conduct by manufacturing, and then submitting to a lender, income supporting documentation from a company of which he was a director, for two individuals who were not in his employ, to enable those individuals to obtain finance,” the industry body’s disciplinary tribunal said.

The MFAA found that this activity contravened  clause 42 of the MFAA Code of Practice which prohibits a member from engaging in any “acts or omissions of a misleading, dishonest, deceptive or fraudulent nature.”

“The MFAA has a well defined Code of Practice which demands high standards of behaviour, ethics, expertise and experience,” MFAA CEO Phil Naylor said. “This expulsion is part of policing those standards.”

Naylor reaffirmed his support for the National Consumer Credit Protection Act but said the MFAA would continue to act on disciplinary matters.