LEBC creates six-adviser team to tackle MMR influx

LEBC divisional director of individual savings & investments Kay Ingram explained the launch of its dedicated mortgage team is intended to help people navigate the more stringent post-MMR mortgage requirements. The MMR comes into effect on 26 April. From that date, the responsibility for assessing whether a customer can afford a mortgage will rest with lenders, who will have to verify the customer's financial details, unless the customer uses a financial adviser, who will judge the suitability and affordability of a number of mortgages on their behalf. This process, Ingram suggeste...