L&G announces updates to its MCD info hub

Legal & General Mortgage Club’s Mortgage Credit Directive (MCD) Matrix, which explains the new regulation and details when lenders plan on adopting the MCD rules, has now been updated.

Related topics:  Mortgages
Warren Lewis
15th October 2015
jeremy duncombe l&g legal and general

The Matrix now highlights the plans of the majority of the top lenders, Including:

•    Accord
•    Bank of Ireland/Post Office
•    Halifax
•    Kensington
•    Leeds
•    Metro bank
•    Nationwide
•    Santander
•    Skipton
•    TSB
•    Virgin Money

Jeremy Duncombe, Director, Legal & General Mortgage Club said; “Communication and transparency whilst phasing in the Mortgage Credit Directive is crucial if the rules are to be adopted smoothly across the industry. I’m pleased that we’ve been able to provide a solution to this, in the form of our Mortgage Credit Directive Matrix which provides brokers with everything they need to know about the MCD.

Our latest update covers a wide range of lenders, both large and small, which will help advisers to keep up to date with the changes. The onus is now on the individual to ensure that they make use of the resources available to stay on top of the new rules.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.