Topic 8 - Regulation and the buying process

Question 1

Key regulatory stages

Answer 1

Financial promotions MCOB 3A
Initial Disclosure MCOB 4& 4A
Providing Advice MCOB4 lending 11
Making an application MCOB 5
receiving a mortgage MCOB 6
Disclosure at start MCOB 7

Question 2

Suitability requirements

Answer 2

Affordable
Most suitable of the range
Appropriate to circumstance