The change came into effect on April 6th 2011 and had to be fully implemented by July 5th 2011. If you have not done so recently, please make sure your KFIs for clients is compliant. All KFIs should have the following details:

Make Sure you can afford your mortgage if your income falls

The money advice information sheet “You can afford your mortgage now, but what if…?” will help you consider the risks. You can get a free copy from hhtp://www.moneyadviceservice.org.uk or by calling 0300 500 5000″