The roadshows will be focusing on the MMR one month on. They will look at how advisers are managing this transition and will provide help and support for those who need it, including the latest compliance updates.
The roadshows will take a round table format providing advisers with the opportunity to raise their concerns and discuss them both with other advisers and with lenders and protection product providers.
The events will be attended by a number of lenders and protection providers including: Santander and Aldemore; the second charge master broker, The Loans Engine; plus insurers LV=, Exeter Family Friendly and Aviva. Santander will focus on the learning, changes and opportunities that have arisen since the launch on 26 April; they will also be covering the changes to their BTL and retention propositions. Aldemore and The Loans Engine will focus on the role that secured loans can play and how you can write more business both in first and second charge loans.
The protection providers will look at the potential issues and opportunities in protection since the introduction of the MMR as well as the latest claims stats and where the majority of claims come from in order to help advisers to focus on these areas.
David Copland, director of mortgage services for LSL said: “The roadshows have been organised by the Pink Mortgage Club to provide DAs with the help and support that they need.
“While it is still early days since the MMR was implemented into the sales process, it is inevitable that advisers will have challenges coping with lenders’ new criteria; they may find that it takes longer to process a case and get it approved, and may well struggle with getting to grips with the new underwriting.
“These roadshows will give DAs the opportunity to discuss the challenges they are having with lenders present and with the support of Pink compliance, so that we can provide them with the same advice that we have been providing to our ARs and provide them with support that is often very much needed.”