Target Group says it had a smooth transition to the new Mortgage Market Review (MMR) regulations, having been ‘MMR ready’ ahead of the deadline.

It is starting the process of providing advice on regulated mortgage contracts, having been given permission from the Financial Conduct Authority (FCA) to develop this offering.

The financial services outsourcing and software provider says it has invested “significant” time and resource to train and prepare for the changes.

David Tweedy, market relations director at Target Group, said: “Ensuring we are MMR ready is all part of our commitment to providing the best possible end to end service to our clients.

“We place regulatory compliance at the core of our business. We’ve been able to offer a fully ‘MMR ready’ service ahead of deadline, which has allowed us to move our focus quickly onto preparing for the 2015 European Mortgage Directive.”