Norton and Loans Warehouse complete first MCD-compliant loan
Norton Home Loans has completed what it believes to be the secured loan industry's first MCD-compliant loan since they went live with the new regulation on the 15th February.
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The fact find, advice and packaging were completed all within 6 working days by Loans Warehouse.
Paul Stringer, Loans & Mortgages Director at Norton Finance, commented:
“The team at Loans Warehouse are well known as being one of the most efficient brokers for secured loan packaging in the industry. This has been again confirmed by the excellent service their customer received with a 6-day turnaround.”
Matt Tristram, Co-Founder & Director or Loans Warehouse, added:
“Whilst it wasn’t a race, it’s fantastic to see the new MCD process working so well. We believe the changes under the new regulation are great for our industry. We are able to offer our customers a smooth process that is in line with the first mortgage world, one which people are used to. There’s been a lot of work put in to getting our industry MCD-ready, and whilst it’s great that we’ve got our first completion, it’s great for the industry that it’s being embraced so efficiently.”
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