MMR preparation checklist launched free from leading software provider, Intelliflo

By Jo Gilbey
Find me on: LinkedIn Mar 25, 2014 9:06:00 AM

With the Mortgage Market Review (MMR) fast approaching, Intelliflo, a leading provider of web-based software for the financial services sector, has today released its MMR Checklist in a bid to ensure that mortgage advisers are aware of and prepared for the changes that the new regulation will bring in.

Coming into effect on April 26th, the main change under the MMR is that the majority of mortgage sales will need to be advised, with supporting documentation kept to demonstrate that. Although the onus is ultimately on lenders to approve affordability, they will be increasingly leaning on the experience of mortgage advisers to carry out detailed scenario planning and ‘rate shock’ tests to illustrate that a customer is suitable for a specific product.

From the perspective of mortgage advisers in the post MMR world, they will be required to provide an increasing number of audit trails and detailed documentation from client meetings in order to prove that these conversations and checks took place.

Split into seven sections with action points in each, Intelliflo’s MMR Checklist is available to download free and provides a practical guide for mortgage advisers currently preparing for the new regulatory requirements. It highlights the key areas that firms should be looking at in the run up to the MMR, as well as the questions to ask to avoid running into trouble further down the line.


John Penn, Head of Mortgage Proposition, Intelliflo says:
“This is a hugely useful resource for any mortgage adviser currently preparing their firm for the new regulations coming in under the MMR. Whilst the majority of mortgage advisers are aware of the MMR and its requirements this checklist will allow them to effectively get to grips with the practical implications that it will have for them and their firms.”

Penn continues:
“Most mortgage advisers believe that the MMR will be a positive for the mortgage market, however few would disagree that there will need to be a period of adjustment where lenders and mortgage advisers alike find the best ways of working within this new dynamic. We developed the checklist so that businesses can easily see where they stand in terms of MMR-readiness and what actions they need to take, if any, to ensure they are fully compliant and prepared come April 26th”.

To obtain a free copy of the checklist, please email Alternatively, register at

Notes to Editors:
Intelliflo ( has been providing information technology services to financial services companies since its formation in 2004. Its leading web-based business management software, Intelligent Office, helps financial businesses large and small to improve efficiency and increase profits. Intelligent Office supports over 1,100 firms and 10,500 users with assets under advice of £144 billion (as at 31 December 2013).

In July 2013 HgCapital, a leading European private equity investor in B2B technology companies, became a majority shareholder in Intelliflo Ltd. HgCapital has a wealth of expertise in developing web-based software businesses and is committed to supporting the next phase of Intelliflo’s growth.
Intelliflo has won the Professional Adviser ‘Best Technology/Software Provider’ award, voted for by Financial Advisers, every year since 2010.

For further information please contact:

Jo Gilbey
Marketing Director
Tel: +44 (0)208 481 1111

Sophie Placido
Rostrum Communications
0207 440 8678