Three brokers banned

The Financial Services Authority has banned three mortgage brokers based in the South-East. Joseph Chinedu Nwosu, the founder of Gemini Mortgages - an East London brokerage - was banned from the industry and fined £200,000 for misconduct and mortgage fraud.

Jageet Kaur, a Gemini adviser was also banned while Alaba Adewale Adebajo, director of Croydon-based Whitehouse estate agents and financial services received a ban and a £150,000 fine.