Ben Allen, Head of Compliance Fred & Ginger, Lennon & McCartney, Spielberg & Lucas, Posh & Becks, Kim & Kanye – The list could go on. One thing is for sure… Relationships Count! Sure some relationships have their failings, and maybe not all of them stand the test of time, but it is [...]
Cheryl Hughes, Compliance Officer Team Leader Mortgage Credit Directive (MCD) has now arrived and effective from 21 March 2016 and below is a brief summary of MCD and the Key changes:- What is MCD? The European Union Mortgage Credit Directive (MCD) came into force with the aim of having a single, EU-wide framework [...]
We offer a range of support to help promote and sell income protection. An area of our website is dedicated to you, with sales tools like our Sales Leaflets and Online Chat Tool. Our sales guides include Quick Info Cards, Product Guides as well as ‘Grow your IP business’ Mini Marketing Plan. There you will [...]
There are many mortgage brokers who turn a blind eye to insurance sales opportunities because they don’t understand the value of GI. This is something we are actively trying to change, not just to protect consumers but also because we don’t want brokers missing out on a potentially lucrative income. However, there are other brokers [...]
On Wednesday 16 March we changed the maximum LTV for residential non new build flats. For loans up to and including £350,000 – the maximum LTV will be increasing to 95%. For loans over £350,000 – the maximum LTV will still be 85%. The maximum 80% LTV for new build flats is not impacted by [...]
We will be carrying out scheduled maintenance on our web site between 6pm on Friday 18 March and 10.30pm on Sunday 20 March, which means some features will be temporarily unavailable. You will be unable to submit requests for Mortgage Illustrations, Agreements In Principle and Full Mortgage Applications whilst the maintenance work is being carried [...]
Intermediary Factsheet This factsheet provides information on the new regulations, the changes Furness Building Society will be making and how this will affect you and our clients. What is MCD? The European Union Mortgage Credit Directive (MCD) comes into force on 21 March 2016 and introduces an EU-wide framework of conduct rules for mortgage firms. [...]
Managing Existing Applications & Key Information At Clydesdale Bank we have been working hard to prepare for the implementation of the MCD rule requirements which are introduced on the 21st March 2016. Following our general MCD update last month we want to now let you know how your existing applications will be supported by us [...]
Yesterday we launched our new Residential Mortgages broker portal and implemented the changes required for the European Mortgage Credit Directive (MCD). Here is all you need to know about: • Our new broker portal • Changes we've made for MCD • Pipeline arrangements for existing customer cases on our 'previous' portal New Residential Mortgages broker portal [...]
Recent statistics from the ONS show that average life expectancy is increasing, to 79.3 years for males and 83 years for females. Plus the number of households over the age of 65 is forecast to increase massively by 60% in the next twenty years. So in recognition of this, we’re pleased to announce that from 14 [...]
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The Right Mortgage & Protection Network Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH. Registered in England and Wales. Registered Number: 08130498. FCA Number: 649443.
