TFC Homeloans has been granted full CCA permissions by the Financial Conduct Authority (FCA).
The mortgage distributor said the permissions are key to its expansion plans, allowing it to provide an advised service across second charge loans, buy-to-let, bridging finance and commercial loans.
TFC Homeloans will now look to strengthen its proposition during 2015 through offering an introducer appointed representative arm. The addition of an advised service will allow it to support more intermediaries who are either not qualified to provide consumer credit advice or who wish to focus solely on residential mortgage business. All advisors will earn a procuration fee on every completed case.
the firm has begun to receive registrations for its introducer appointed representative service and is currently undertaking all necessary due diligence required to welcome new advisors to the firm.
Andrew Brown, director of TFC Homeloans, said: “We are extremely pleased to be granted full CCA permissions. Having the ability to reach out to both authorised advisors and introducers is crucial to enabling us to expand the range of services which we offer. We have recruited heavily internally across all departments over the last quarter to support this expected growth as it is very important to us that we are able to maintain an exceptional level of service across all areas of the business.
“Receiving full CCA permissions clearly demonstrates our commitment to supporting more intermediaries throughout the current regulatory changes and the impending European Mortgage Credit Directive in March 2016.”
Simon Carr, director of second charge lending at Precise Mortgages, added: “We are delighted to see TFC Homeloans achieve full permissions with the regulator. The approval should be seen by the mortgage intermediary market as a positive step that affords consumers a broad spectrum of financial solutions.
“TFC Homeloans approach to best practice, responsible outcome and customer centric focused values will no doubt position them as a serious player in this space.”