Sesame Network has announced it is partnering with Mortgage Brain to assist advisers with a smooth adoption of new FCA requirements.

The partnership will enable advisers to enhance their service to customers following the implementation of the FCA revised Mortgage Advice & Selling Standards.

The new FCA requirements state that advisers must either demonstrate they have recommended the cheapest of the suitable mortgages available, or explain their rationale in cases where they have not.

Sesame announced it has worked with mortgage technology expert, Mortgage Brain, to develop a solution that enhances the software’s standard capability. The network suggested this will help advisers to identify the cheapest suitable mortgage, based on the FCA’s required calculation, and compare this to options using different search criteria.

Sesame Network managing director, Richard Howells, commented: “At Sesame, we understand that harnessing technology in the right way has the power to make our day-to-day lives easier. That’s exactly what we’ve achieved in this bespoke piece of work with Mortgage Brain.

“We’re giving advisers greater flexibility when conducting their research, whilst still being able to trade safely with ease in response to the new regulations. Advisers benefit by having everything on the same report, making it easier for them to provide the best possible service and outcomes for their customers.”

Mortgage Brain sales and marketing director, Neil Wyatt, added: “Providing innovative, market-leading technology solutions is part of our DNA at Mortgage Brain. We are delighted to be working exclusively with Sesame Bankhall Group to provide a bespoke solution that supports their network members.”

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