Legal and General Mortgage Club has updated its Mortgage Credit Directive (MCD) matrix to include more details from UK mortgage lenders' implementation plans.
The matrix update also includes European Standardised Information Sheet (ESIS) launch dates and pipeline business instructions.
The latest additions to the matrix ahead of the MCD implementation date on the 21 March include NatWest, Lloyds and Kensington with 33 other lenders also listed to date.
Jeremy Duncombe, director, Legal and General Mortgage Club, said: “With the MCD coming in to effect this year the hub provides advisers with a one stop shop of information and knowledge.
This latest update now covers more lenders than ever before, which will ensure advisers are completely up to date with all the changes. It is vital that the hub is utilised and made the most out of so that everyone is aware of the new regulation.”
For more detail on this incoming regulation, see Jeremy Duncombe’s round up piece on the four ‘need to know’ areas of the MCD which emerged from broker questions at The Mortgage and Protection Event in November 2015.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
