Aldermore reveals MCD approach

Aldermore has today published a new leaflet outlining its preparations ahead of the implementation of the European Mortgage Credit Directive on the 21st March 2016.

Related topics:  Mortgages
Rozi Jones
21st December 2015
charles haresnape aldermore

Aldermore will offer consumer buy-to-let to all customers who meet their lending requirements and will be adopting the KFI+, transferring to the ESIS in time for the regulatory deadline in March 2019, and a seven day reflection period, which commences from the date of mortgage offer, will also be implemented.

Aldermore will fully implement MCD in March 2016 ahead of the regulatory deadline and will provide further updates to their intermediary partners in early 2016.

Charles Haresnape, Aldermore’s Group Managing Director, Mortgages, said:

“With any new piece of regulation, it is vital that lenders and brokers make sure that customers are kept up to date with any developments and how changes may affect them.

“Whilst any new regulation can be a bit unsettling, the positive communication between lenders, intermediaries and customers should really help.”

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