Consumer Duty regulations state that all mortgage providers must provide intermediaries with information to help them meet their responsibilities as distributors of products.
Before recommending our products to their clients, brokers must be able to identify:
-
Characteristics and benefits of our products
-
Target markets for our products
-
How our products are distributed
-
Whether our products provide fair value
Brokers are not required to review these documents with each application. They are for internal use only and should not be shared with clients.
The outcome of our assessments can be found by clicking the relevant link below: