Seminars at the upcoming Mortgage Business Expo (MBE) will create a forum to focus on the framework for implementing MCD regulation, the organisers have said.
Speakers at the event in the Barbican, London on 7 October include senior managers from Barclays and Skipton Building Society.
Tony Fullbrook, policy and regulatory manager from Barclays, will be talking about the changes around first charge mainstream lending and what this means for advisers and their clients.
Paul Darwin, head of intermediary relationships at Skipton Intermediaries, said: “With the Mortgage Credit Directive (MCD) fast approaching, we want to make sure everyone is up to speed with these changes and aware of the impact this may have on their business.
“We feel it’s important that brokers know what our approach will be, and how to deal with the new disclosure documents and manage pipeline business during the run up to the MCD launch. This and more will be covered during our seminar.”
Exhibitor Clever Lending, a master broker, which recently announced it was on track for the new MCD regulation, will also be on hand to answer any questions brokers and IFAs have about the impending changes.
Sonny Gosai, sales and operations manager, said: “We are in touch with our broker and lender partners to ensure we put in place all the necessary requirements. Our recent survey showed that 71% of brokers aren’t ready for MCD and we are keen to help educate them on their role in working within the new framework and putting the new regulation in place in their businesses.
“It’s also important to look at how MCD will affect the customer journey when applying for loan under the new regime.”
Mike Mikunda from MBE added: “We always ensure that our seminars give a real focus to the changing market and regulatory landscape and this year there are some exciting points to discuss that affect many of our delegates and exhibitors. Seminar speakers will provide key information that brokers and IFAs will be able to use as their businesses move forward.
“Exhibitors in the hall will be on hand to update them on how the new regulation is going to work in their relationships with master brokers and lenders. It will certainly stimulate debate and help the industry move forward.
“By attending the seminars brokers and IFAs will also qualify for valuable Cll CPD points.”