Positive Moves

So the Mortgage Credit Directive (MCD) has been implemented and the world is still spinning. Many extra hours were put in by lenders, brokers and intermediaries to implement IT changes and make policy amendments so that systems and processes could continue to run smoothly after the 21 March this year.
In almost every company this hard work has paid off. I always admire how well both lenders and intermediaries get to grips with change – no matter what is thrown at them.
In the case of the MCD, I think the changes, ultimately, have been a good thing and made for a smoother customer journey. We are already seeing a positive move within the sector as far as product innovation goes.
Increased awareness:

A key hope for the directive was that it would increase awareness among intermediaries of second charge mortgages, making them more mainstream. There is already evidence that increasing numbers of brokers and intermediaries are becoming aware of the value of second charges and the fact that they can be a much more cost-effective option than a
Re-mortgage or further advance.

Choosing a loan:

This is no easy task as there are so many different options open to the majority of applicants. Be sure you know how much you feel comfortable in repaying each month and seek professional advice as to the best loan to suit your needs. We have fully qualified advisers waiting who can assist you so please do get in contact.