The Financial Services Authority (FSA) has announced that it has banned a mortgage broker from working in regulated financial services.
Jason Phillips, of Colne in Lancashire, a former partner of Lancaster House Mortgages, has been banned for submitting nine mortgage applications using false employment information and inflated salary figures.
According to the FSA, Mr Phillips was "attempting to make financial gains" and exposed lenders to the risk of substantial losses.
"His actions also threatened to undermine confidence in the mortgage market," the regulator said.
It brings the total number of mortgage brokers banned to 84 and "demonstrates the FSA's ongoing commitment" to taking action against those who commit mortgage fraud or fail to prevent it, the organisation said.
Earlier this month, Gary Lester, trading as Lifestyle Mortgages Limited (Lifestyle), in Edgware, North West London, was fined £103,000 for failing to observe mortgage compliance and significantly inflating his income to obtain a mortgage for himself in November 2006.