The reasoning is what a good report has to show
An MCOB suitability report has to evidence why a mortgage recommendation is right for the client, not just state the outcome. That means affordability with evidence, a term rationale (especially where it runs into retirement), a rate-type rationale against the client's need for certainty, and any debt consolidation spelled out with its trade-offs. Writing that clearly, every time, is the work worth speeding up.
What NeedsIQ Mortgage drafts for you
- An MCOB suitability report drafted from the fact-find, with the reasoning for lender, product, rate type and term.
- A term rationale, including where the term extends into retirement and how affordability is evidenced.
- A structured debt-consolidation section that spells out the cost of securing previously unsecured debt over a longer term.
- A one-click protection cross-sell where a need is identified, straight into a Demands & Needs draft, including joint-life cover for a couple.
- A clean, editable submission pack for your network or filing.
Less re-keying, one place for the file
- Optionally send the client a secure link to note the basics before their appointment, then review, verify and merge their answers rather than re-typing them.
- Keep quote comparisons, ID and AML, illustrations and the offer together in one document vault on the case.
- Deliver the signed-off report to the client by secure link, with a delivery and read-and-acknowledged trail on file.
How it works
- Complete the MCOB fact-find, dictate into it, or send the client an optional secure link to note the basics before their appointment. Dictation is transcribed on our own servers.
- NeedsIQ drafts the suitability report with the required sections already in place.
- You review, tailor and sign off. The recommendation and the file remain yours.
- Deliver the report to the client by secure link, with the read-and-acknowledged trail on the case.
NeedsIQ produces draft documents for a qualified adviser to review, amend and sign off. It does not source products, recommend a lender or insurer, or give regulated advice. The FCA-authorised adviser chooses the recommendation and remains responsible for the file.
Frequently asked questions
Does NeedsIQ source mortgages or recommend a lender?
No. NeedsIQ does not source products or recommend a lender. It drafts the suitability report from the fact-find and the adviser's chosen recommendation, for the adviser to review and sign off.
Does it cover debt consolidation and term into retirement?
Yes. The draft includes a structured debt-consolidation section covering the trade-offs of securing unsecured debt, and a term rationale that prompts for affordability where the term extends into retirement. You review and tailor both.
Can it help with protection at the same time?
Yes. Where a protection need is identified on a mortgage case, NeedsIQ can cross-sell in one click into a Demands & Needs draft that reuses the fact-find, so a single client conversation can produce two compliant files. Where you are advising a couple, you can run them as a single joint-life case.
Can the client complete a questionnaire before their appointment, and receive the report by link?
Yes, if you turn the optional pre-appointment questionnaire on. It gathers the factual basics only, so the client never sees or picks a recommendation. Their answers come back for you to review, verify and merge, and you can deliver the signed-off report back to them by secure link with a read-and-acknowledged trail on file. You give the advice and sign off everything.
Can I try it first?
Yes. You can see a sample drafted from a fictional case with no card, then run one free on your own fact-find.