First 4 Bridging becomes fully FCA regulated

Published on

First 4 Bridging (F4B) has reached fully regulated status with the Financial Conduct Authority (FCA).

The specialist distributor is looking to expand into other market sectors whilst operating under regulatory guidelines and constant FCA monitoring.

F4B was previously authorised for certain non-mainstream regulated activities, such as bridging loans, development loans and commercial term mortgages. These will remain prominent focal points within the F4B offering but this new regulatory status will allow the specialist distributor to also undertake fully regulated activities such as secured loans, residential mortgages, buy-to-let and raising funds for debt consolidation.

Steve Swyny (pictured), head of sales at F4B, said: “Being fully regulated has always been a goal for F4B. However, in order to achieve this, we had to ensure that we were in the right place as a business to not only tread this complex authorisation path but that we also had the infrastructure in place to build on this and venture into other key areas of specialist finance.

“Our core business will continue to revolve around bridging and development finance but, with more borrowers looking for alternative ways to raise funds for their property-related transactions, we are now in a position to provide a wider range of options for our introducers to help them grow their business and bolster retention levels.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...