Interest Only

Overview

HML provides an interest-only review service for lenders. The value of this is amplified by the FSA’s Consultation Paper (CP10/16), which voiced concerns over the ability of borrowers to repay the capital on interest-only mortgages.

Ensuring borrowers have an appropriate form of capital repayment vehicle in place - which does not rely on house price inflation or downsizing – is not only prudent but vital in supporting borrowers understand how their current situation will help them repay their mortgage.

Trust HML - the ability in financial outsourcing – to protect both your customers’ and your business interests.

Features
  • HML confirm and analyse relevant borrower’s documentation
  • establish evidence of repayment vehicle per policy owner
  • contact only those segments of accounts that you request
  • manage all inbound queries on your behalf
  • authorised and regulated by the FSA
Benefits
  • Lenders align mortgage products with FSA thinking
  • overcome the risk of borrower naivety regarding capital repayment
  • enable responsible lending and monitoring of interest-only mortgages
  • ensure a fair and consistent approach to conversions
  • identify problematic mortgage accounts
  • efficient and cost effective regulatory/compliance management

Want to know more about this proposition?

Call 01756 776729 or contact us online

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