Promise receives FCA authorisation ahead of MCD
Promise Solutions has announced it has achieved Financial Conduct Authority authorisation ahead of the implementation of the Mortgage Credit Directive.
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The master broker applied for authorisation for both first and second charge mortgages.
Steve Walker, managing director of Promise Solutions, said:
“A large number of firms in the sector applied for and received authorisation for consumer credit however we wanted to use this opportunity to develop the Promise brand and, as such, we applied for consumer credit, consumer BTL and mortgage permissions. Now that we have received authorisation we are able to advise on residential first mortgages and bridging loans.
“Next year will be a big year for the mortgage industry as a whole and here at Promise we’re expecting 2016 to be a year of growth as we continue to grow our core offerings of second charge mortgages and commercial solutions as well as developing our first charge arm.”
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