Avoid it! Don’t assume that your clients will understand technical terms and acronyms. Yes, there has to be a degree of technical information, but wherever possible, explain this in simple terms.
We like the ‘granny test’ (with the greatest respect to all grannies all over the world) i.e. if your granny (or wife, husband, partner, aunty, uncle or best mate) can understand it, then you’re on the right track.
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We’ve been pointed towards some useful training links.
We have recently attended a seminar where the FCA Authorisations department estimated that they will receive around 51,000 applications, although they suggest that only 39,000 actually require a licence.
Having difficulties completing the new RDR friendly sections K and L of RMAR? ATEB has produced guides
The FCA has back-tracked on the new Capital Resource requirements!
Mortgage Market Review – A Reminder
Steve Bailey Compliance 2014, FCA, Mortgage
The Mortgage Market Review (MMR) is due for implemetation in April of 2014. Are you prepared?