Reduced advisers fees

Following discussions between the Law Society and the Mortgage Code Compliance Board (MCCB), it has been agreed that solicitors firms should pay a reduced fee of 75 per adviser plus a registration fee of 20.

This represents a 10 reduction in fees to take account of the Law Societys regulatory regime.The MCCB has already issued the registration renewal packs and firms should return the form with the reduced fee.

Solicitors covered by the Law Societys group consumer credit licence number G900001 should quote the number in the appropriate section of the form.

Solicitors quoting the above number will also be exempt from the MCCBs PII requirements and can leave the relevant section of the form blank.

For additional details, please contact the MCCB technical helpline on 01785 218200.