Our Services
What FCA permissions are you applying for?
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If you’re a limited permission credit broker, you will be limited to carry out specific activities related to credit brokering. This means you can only offer certain credit services and are subject to fewer regulatory requirements.
Examples include:
Car Dealership - You sell vehicles which accept forms of payment including finance.
Online Furniture Store - You assist customers in obtaining credit for buying furniture on instalment plans
Full Permission Credit Broker
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The main difference between a full permission credit broker and a limited permission credit broker lies in the scope of their regulatory authorisation by the Financial Conduct Authority (FCA) in the UK.
A full permission credit broker has been granted full authorisation by the FCA to provide credit broking services. They have met all the regulatory requirements and can offer a wide range of credit products to consumers and businesses. Full permission credit brokers have the flexibility to arrange credit agreements across various sectors and have more extensive regulatory responsibilities.
On the other hand, a limited permission credit broker has a more restricted scope of authorisation from the FCA. They are only permitted to provide certain types of credit broking services within specific limits set by the FCA. Limited permission credit brokers may have restrictions on the types of credit products they can offer or the volume of business they can conduct.
Overall, the key distinction is that full permission credit brokers have broader authorisation and can offer a wider range of credit services compared to limited permission credit brokers.
Mortgage Broker
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A mortgage broker is a financial professional who helps borrowers find and secure suitable mortgage loans. They assess the borrower's needs, research mortgage options from different lenders, provide personalised advice, compare rates, submit applications, manage the process, negotiate on behalf of clients, and provide ongoing support. They act as intermediaries between borrowers and lenders, aiming to simplify the mortgage process and help clients make informed decisions.