Master broker Clever Lending says it is “fully ready” for the new Mortgage Credit Directive (MCD) regulation, with systems and procedures all working to the required standards.

The MCD comes into force on Monday 21 March.

Sam Kirtikar, managing director at Clever Lending, said: “With our MCD procedures and processes up and running, Clever are keen to continue to work closely with lender and broker partners to ensure business opportunities are explored and we work together to assist customers.

“This is a very exciting time for the loans industry and I’m delighted that all our hard work has put us in a terrific position for future growth.

“I am also proud of the team at Clever Lending who have done so much good work to achieve the credit permissions from the FCA and this will allow us to continue to grow and develop the business according to our strategic objectives.

“The permissions will also provide opportunities for us to help more brokers and their clients across a greater spectrum of financial solutions to achieve their desired outcomes.”