Category Archives: Regulation

Implementing MCD within second charge secured loans‏

At a recent major industry meeting the topic of second charge secured loan regulation was discussed between compliance personnel from networks, large intermediary firms and lenders. Without exception all around the table voiced concerns regarding implementation of Mortgage Credit Directive. …

Chaseblue receives FCA authorisation

The South Wales specialist finance packager has received notification from the FCA that it has been fully authorised ahead of the implementation of the MCD in March 2016. Managing director Ben Gillespie said: “This is the icing on the cake …

Pink Pig Loans receives full permission and authorisation from the FCA

Pink Pig Loans, who specialise in secured loans, has been granted full FCA Consumer Credit Permissions by the Financial Conduct Authority as it celebrates 10 years in business. Cardiff-based Pink Pig Loans was formally notified on Wednesday 14th October of …

Leading Packager receives Full FCA Consumer Credit Permissions

Specialist Financial Services Limited (SFS), the provider/packager of second charge mortgages, specialist commercial mortgages and bridging finance, has announced it has been granted full FCA consumer credit permissions.. Tony Sutton, M.D. of Specialist Financial Services said: “I am delighted we …

MBE London will help brokers better understand MCD regulation

Mortgage Business Expo (MBE) seminars will create a forum to focus on the framework for implementing MCD regulation. There are several top line speakers at the event in the Barbican, London on 7th October, including senior managers from Barclays and …

Fluent Money

Fluent Money gains full authorisation

Fluent Money, the UK’s favourite second charge master broker, has announced that it has received the green light from the regulator and is now one of the first second charge distributors to be fully authorised by the FCA. Fluent Money, …

FLA launches its Manifesto 2015

The Finance & Leasing Association (FLA) has today published its Manifesto 2015, proposing measures in five key areas which any new Government could adopt to boost UK growth, productivity and jobs. The FLA’s Manifesto urges politicians of all parties to: …

Consumer credit firms must raise advertising standards

  Credit firms need to do more to ensure their adverts and promotions do not mislead potential customers. The findings come as Financial Conduct Authority (FCA) statistics show that one in five adverts from consumer credit firms, for products including …

FCA will regulate second charge loans like first charge mortgages in two years

  The Financial Conduct Authority is likely to crack down hard on second charge lending over the next two years after supervision of the sector moves under its jurisdiction in April this year. Bridging lender Fincorp, which offers second charge …

Blemain Finance supports brokers’ event to outline new FCA rules

  Blemain Finance is urging secured loan brokers to attend an event aimed at bringing them bang up to date with new Financial Conduct Authority (FCA) regulations affecting the sector. Having supported two information events for brokers Blemain Finance is …