The Association of Mortgage Intermediaries has published a guide to completing a compliant sales process, as trade body officials fear brokers do not fully understand the work required after Mortgage Day.
From October 31st, mortgage advisers will have to meet requirements which “go far beyond those that currently exist under the Mortgage Code” says the AMI so a factsheet has been produced to help identify key areas of change in the sales process and highlight any differences between the MCCB and the FSA requirements. Entitled Factsheet 12: Guide to a Compliant Sales Process, the document is designed to provide an outline of the structure firms will need to implement by the end of next month. Details of the 10-page factsheet covers the key component parts of the advice process and inclu...
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