Master broker Clever Lending has implemented its new processes for Mortgage Credit Directive (MCD) compliant secured loans to ensure new cases presented from 15 February will adopt the new regulatory regime.

All applicants from this date will be contacted to ensure they fully understand the new administrative requirements for their loan.

Clever Lending says it is still coming across a few brokers who are unsure of this key point about getting pipeline cases to follow the new requirements, so the business development team are making sure all clients are aware of the forthcoming changes and all cases from now on will be handled in preparation for MCD.

Sonny Gosai (pictured), sales and operations danager, said: “It is important to ensure that all pipeline is treated as high priority. All enquiries coming into the offices from 15 February will adopt the new regime.  All existing clients are being notified of the cut-off date and we will ensure we assess each of their applications in line with the new rules and regulations to ensure there is still a lending solution available to them.

“We are working hard to ensure that all pipeline is completed by the deadline date with the confidence of a smooth transition to a new era in our industry.  It is important to us that we look after all existing clients which is why we have allocated enough resource to be able to manage this in the run up to the MCD regulations coming into force.”