Advertisement by Promise Solutions Will you still be able to offer secured lending from April? Are you prepared for the FCA regulation?  Have you done suitable due diligence on your existing secured lending broker?  Click to find out more Whether you are DA or an AR you will need to check now for any changes required to your secured lending sales process. Important message from a recent FCA webinar: ARs can offer mortgages under their Network however this option will not be available for secured lending until the Network is fully authorised (this could take 18 months) Both ARs and DAs will be individually responsible for secured lending sales to whatever extent they are involved Click here to view the FCA webinar (the section on ARs is after 22 minutes) In practical terms this means that intermediaries can still fulfil the complete lending sales process themselves or pass the enquiry to a specialist such as Promise who will take over the responsibility for the sale. However, whichever process you choose, you should be able to demonstrate what you did, why you did it and importantly...  is your secured lending master broker dealing with your cases compliantly to ensure that you're not liable for any possible future mis-selling claims? Call us on 01902 267443 to discuss available options or click here
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