Home Buyer system to keep eye on senior's TCF

The system covers the areas where a business need to prove it has delivered TCF before, during and after a mortgage sale.

It consists of an automated diary system that prompts the managers what actions must be taken and flags up any that have not been carried out.

The system also generates letters and reports providing management information managers can use to prove TCF has been embedded.

These include automated risk warnings by text or email, reports on any diary items that intermediaries have missed and complaint tracking.

Richard Angliss, managing director of Home Buyer Systems, said: "The industry now has only six months until the final TCF deadline.

"With many adviser businesses fighting for survival in the current market, it may be tempting to let TCF compliance take a back seat.