Chester-based secured loan and bridging distributor Smart Money Limited (SML) has received its full permissions from the Financial Conduct Authority (FCA).
The firm, which offers principal office facilities to brokers in both England and Scotland with full operations running in Chester and Glasgow, says it is now equipped to offer introducers a fully compliant service in the run up to the final adoption of the Mortgage Credit Directive (MCD) in March 2016.
Paul Crewe,, SML’s managing director, said: “We are delighted to have received the green light from the regulator. Our decision eighteen months ago to appoint a full time compliance director, Phil Bond, to ensure our processes were ready for full authorisation, has been more than justified.
“We are now in the strongest position to continue to assist our many existing introducers with a market leading service that is now fully authorised.
“This is also good news for our network partners as their ARs can now be absolutely confident they are able to work with a seamless support service which is fully aligned to their own compliance protocols.”