Legal & General has launched a toolkit to support its business partners with guidance on mee...
Legal & General has launched a toolkit to support its business partners with guidance on meeting the requirements of the Mortgage Code Compliance Board (MCCB).
The first part of the toolkit concentrates on requirements for fitness and properness and the second section covers training and competency due to be published in the next few weeks.
The toolkit includes details on the background to the new rules, advice on the procedures to be undertaken and forms and checklists to be completed to ensure compliance with the new rules.
The new rules, which have begun to be implemented this year, place greater responsibility on mortgage advisers to ensure recruits and existing advisers meet set industry standards.
Legal & General's business partners also have access to a PI cover scheme to help meet obligations under the Mortgage Code.
Stephen Smith, Director Housing Marketing said, "The need for professional standards in all aspects of financial services has never been greater. With the new requirements of the MCCB and the Financial Services Authority's proposals for regulation of mortgages, the mortgage market is firmly in the spotlight."
Partners interested in L&G's toolkit should call 08457 697057 or e-mail [email protected]
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