Mortgage Climate Action Group to Host First Event for Advisors

The Mortgage Climate Action Group (MCAG) has announced its first event, which will be open to attendees from across the industry.

The event will take place virtually on August 4 starting at 9:30 a.m.

The hour-long event will outline the motivation behind founding MCAG, its philosophy and purpose, explore the current industry landscape, and examine how green issues affect both lenders and advisors.

The agenda will include presentations from Lloyds Banking Group’s managing director of intermediaries, Esther Diijkstra, and HSBC’s head of mortgage intermediaries, Chris Pearson.

A full program of new initiatives and activities, including future events, will be discussed at the meeting.

Legal & General, Sesame Bankhall Group and SimplyBiz Mortgages have partnered in April to form MCAG.

Since launch, Home Loan Partnership, Mortgage Intelligence, PRIMIS, Openwork and Paradigm have also joined.

MCAG’s goal is to interpret new climate change legislation and engage with industry stakeholders to provide guidance and practical assistance to advisors.

The group acts as a source of support for intermediaries, helping them to understand and address green issues when processing mortgage applications, and ensuring that advisors’ interests are represented with lenders, regulators , commercial organizations and government institutions.

Richard Merrett, Head of Strategic Development at SimplyBiz Mortgages, says, “The real strength of MCAG is in collaboration, which is why it’s so important to keep the industry informed of our focus and our work so far.

“One of our main goals is to give councilors a voice on green issues and policies, and it’s a two-way process; While this event will not give delegates all the answers regarding this important and evolving field, we believe it will provide a good starting point for this vital industry-wide conversation.

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