KFIs set Hallowe'en fright on market

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Alliance & Leicester has become the latest lender to warn of accuracy and validity issues relating to KFI (key facts illustration) data ahead of this weekend's historic shift in regulation of the mortgage market.

The company says it is “committed” to working with sourcing systems post-M-Day, but “will not take responsibility for the accuracy of its data on sourcing systems.” ”We will be ensuring that our information is 100% accurate before it is submitted to sourcing systems,” the company quotes its head of intermediary mortgages Mehrdad Yousefi. ”However, the accuracy of how the information will appear on the sourcing system will depend upon the quality of technology and the staff who manually input the information.” ”It is not entirely clear who will be responsible for the accuracy of dat...

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