The new EU Mortgage Credit Directive (EU MCD) comes into effect on 21 March 2016, and we're committed to working closely with you to give you the information and support you need ahead of these changes.
We're keen to ensure that these changes are seamless for you and your clients, so we've launched a dedicated EU MCD page which details how we'll be implementing the new regulation and our approach to applications in the pipeline.
Here are the key points:
- We'll continue to issue a Key Facts Illustration (KFI), enhanced with the additional information required for the EU MCD.
- For applications submitted ahead of our implementation of the EU MCD, you won't need to produce a new KFI for your clients.
Help and Support
You'll be able to submit any questions you have and we'll continue to provide updates on our dedicated EU MCD page between now and our implementation of the changes.