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Case study 1 of 6Question 1 of 5

The Remortgage Enquiry

Mrs Okafor's two-year fixed-rate mortgage ends in three months. She contacts her adviser to remortgage and says she just wants "whatever's cheapest" without going through a full advice conversation. The adviser explains that a fact-find and affordability assessment are still required before a recommendation can be made, and provides her with an illustration setting out the costs of the recommended product before she applies.

Question 1 of 30MCOB Rules

Why does the adviser still need to carry out a full fact-find and affordability assessment, even though Mrs Okafor only wants the cheapest deal?