We have launched an MMR checklist to ensure that mortgage advisers are aware of and prepared for the changes that the new regulation will bring in. With the MMR fast approaching, we wanted to provide advisers with a tool to check that the transition in the market goes smoothly.
 
The main change under the MMR is that the majority of mortgage sales will need to be advised. Advisers will be given the responsibility of providing supporting documentation to demonstrate that client profiles are eligible for a mortgage application. This means that lenders will heavily rely on advisers to carry out these administrative processes.