Solent Mortgage Services has formally launched a product suitability file checking service through its online extranet, The Porthole.
Designed and built by specialist provider, Compliance Checking, the service provides intermediaries and lenders with a free facility which provides reassurance that the product they have recommended to clients will meet suitability guidelines and standards.
Ian Balfour, CEO of SMS, said: “We know that the FSA is going to pay particular attention to cases where there is some area of specialism