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T&C deal for loan brokers

A new training and competence system for mortgage brokers is being jointly launched by the LIA, Sofa and the Chartered Insurance Institute.

Mortgage Assess will help advisers, administrators, support staff, supervisors and managers comply with the rules of statutory regulation. It will be available from February.

It includes a knowledge assessment system which tests users&#39 knowledge levels and identifies gaps. Learning modules cover all aspects of mortgages, including regulation, the buying process, repayment vehicles, protection and general household insurance.

A free 14-day trial is being offered and the service costs £95 a year.

LIA director general Mark Ommanney says: “Regulation is widely welcomed but it will cause significant disruption to thousands of businesses. Mortgage Assess will give advisers the information they need to maintain the knowledge they must have to continue to advise clients and run their business.”

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