MMR: Online enhancements
To support you post MMR, we’re making some enhancements to our online application systems. From Monday 14 April, instead of submitting certain application types via a paper application process, you’ll be able to submit them online.
So we can make these changes, NFI Online and NFI MTE will be unavailable from 8pm Friday 11 April until 8am Monday 14 April.
MMR: Information on responsible lending
From 14 April, we'll be asking you a few additional questions when you submit your client's application, and we may also ask you to provide a small number of additional proofs. We're confident the information we ask for should be readily available from your client and will have a minimal impact on case submission and processing times.
MMR: Lending into retirement and mortgage term
From 14 April and post MMR, the way we assess affordability will remain very much in line with our current approach, although there will be some small changes around lending into retirement and treatment of the mortgage term.
Helping you prepare for MMR
As applications currently with us, and those submitted in the coming weeks, may still be in our processing pipeline post MMR, read on to find some key information on how those applications could be affected. We've also provided some 'Top Tips' to ensure the transition of your pipline business is as smooth as possible for you and your clients.