The MCI Mortgage Club has partnered with Richdale Compliance Consultancy to launch a new compliance proposition for new and existing mortgage and protection members.
Richdale operates a network for appointed representatives (AR) and the partnership will see MCI provide a range of services for the directly authorised (DA) sector.
The new services include all aspects of compliance support, from ensuring that correct procedures and governance are established, through to case checking and reviews.
MCI’s proposition also includes an “AR to DA” transition service for firms currently operating as ARs but wishing to become directly authorised. The Club suggested this can ensure that firms get to establish the full control and flexibility of being a DA, with minimum disruption to their business.
MCI head, Melanie Spencer, commented: “We are building a first-class proposition here at MCI and enhancing our compliance proposition was high on our agenda. Partnering with an established and recognised team who hold the same values that we do, is a natural fit for the club and our growing membership.
“Regulation is a necessary reality within the mortgage world, where brokers naturally want to concentrate on advising their clients. Through Richdale, our members will get the comfort and security of a network’s resources and depth of knowledge but will continue to enjoy the flexibility and freedom of being directly authorised.”
Richdale managing director, Jacob Bernstein, added: “Compliance is a function that forms the core of any financial services business and we are delighted to partner with MCI to enhance the service they provide to their members. Together we are advancing MCI’s vision of an all-encompassing support package.
“We look forward to welcoming and supporting MCI members and becoming an integral part of their business, transforming the burden of compliance into a value-added function of the business.”
Latest News
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories