Legal & General Mortgage Club has updated its Mortgage Credit Directive (MCD) Matrix, which outlines the new regulation and provides information on lender’s plans for adopting the MCD rules.
The Matrix has now been updated to include a total of 33 lenders with more to follow. The latest additions include NatWest; Lloyds Banking Group; Kensington; Kent Reliance; Progressive and Coutts Metro bank.
Jeremy Duncombe (pictured), director of Legal & General Mortgage Club, said: “Our Mortgage Credit Directive Matrix which has been running since August 2015 has acted as a crucial point of information for brokers providing them with everything they need to know about the MCD. 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.”