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The Mortgage Market Review - Tenet
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SESSION PROFILE:
To give the Adviser a greater understanding of the requirements within the MMR by reviewing the following questions.
• What is MMR?
• What are the keys areas that impact on advisers?
• What is meant by "responsible lending"?
• How do the changes to affordability impact on advisers?
• How will the advice process need to change?
• What will happen if a customer rejects advice?
• How have sales standards changed?
• What changes are being made in respect of interest only?
• What should advisers be doing to minimise the risk of mortgage fraud?
LEARNING OBJECTIVES:
This CPD Module will aim to:
- Increase advisers' understanding of the purpose and impact of MMR
- Explain the changes that advisers will need to make to comply with the new rules within MMR
- Explain the changes that lenders will be making and the potential impact these will have on the way advisers submit business.
To give the Adviser a greater understanding of the requirements within the MMR by reviewing the following questions.
• What is MMR?
• What are the keys areas that impact on advisers?
• What is meant by "responsible lending"?
• How do the changes to affordability impact on advisers?
• How will the advice process need to change?
• What will happen if a customer rejects advice?
• How have sales standards changed?
• What changes are being made in respect of interest only?
• What should advisers be doing to minimise the risk of mortgage fraud?
LEARNING OBJECTIVES:
This CPD Module will aim to:
- Increase advisers' understanding of the purpose and impact of MMR
- Explain the changes that advisers will need to make to comply with the new rules within MMR
- Explain the changes that lenders will be making and the potential impact these will have on the way advisers submit business.
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