BFS Home Loans has been approved by the FSA for regulated mortgage contracts.
The firm is part of Bridging Finance Solutions Group and loans, both regulated and non-regulated, are available from £25,000 to £1 million on a national basis.
Interest is calculated daily, there are no exit fees and loans are made against open market value.
“FSA authorisation has helped formalise much of our existing approach to customer service – we first introduced Key Facts type Illustrations and APR interest calculations for all our clients back in 2007,” said Steve Barber, managing director of the Bridging Finance Solutions group of companies.
“We view it as a matter of best practice, enabling introducers to make meaningful comparisons of products. Treating customers fairly has been at the heart of our business from the outset and this is why we are the first choice for many introducers. By providing the regulated product we are able to further our offering to their clients.”
Barber added: “With an increasing market of clients buying property at auction as their principle residence, this authorisation also enables us to further support our Auction partners on national basis.”