Detailed, tailored information is presented in a clear and concise format that can be handed straight to the client. All the options, benefits and potential risks that an adviser needs to explain are set out in a single report.
Danby Bloch, director of Taxbriefs said:
“Taxbriefs’ Mortgage Report Writer is not only a tremendous time-saver in terms of writing client reports it also generates a clear audit trail of exactly what has been given to the client. More importantly, it ensures that the client receives meaningful, jargon-free information.
The technology is simple and proven, following in the footsteps of Report Planner, a highly successful product already much used by IFAs.”
Mortgage Report Writer may well become a pre-requisite for the mortgage sector, containing as it does: a clear explanation as to why the particular mortgage has been selected; agreement from the client that the facts that have been presented have been understood; evidence that the client can afford to repay the proposed mortgage.
Richard Fox, chief executive, Society of Mortgage Professionals commented:
“There has been evidence of non-compliance in the mortgage sector, especially after the FSA’s mystery shopping exercise. It is important that there is consistency and clarity in all information provided to mortgage borrowers and we encourage advisers to use suitability letters.”
