View more on these topics

Enterprise Finance gains FCA authorisation

The FCA has approved master broker Enterprise Finance’s application to give mortgage advice.

From March, second charge customers must receive advice and now the firm can now offer this.

Chief executive Danny Waters says: “At Enterprise Finance we’ve always fully embraced the opportunities presented by increased regulation and the enhanced transparency it affords consumers. The specialist lending market has evolved over the last few years and we are sure that the MCD regime represents a positive step along the path to future growth and improvements.

“Full regulation of the mortgage market has helped improve standards in the home loan industry in the past decade or so and we are confident that the second charge mortgage sector will reap similar rewards in the coming years.

”Consumers will feel more comfortable using products that are regulated in the same way as existing loans they have already taken out and intermediaries that have hitherto ignored the versatility and flexibility of second charge mortgages will be more alive to their potential once they are governed in the same way as conventional home loans.

“These are exciting times for the industry and we are glad to be ahead of the curve in receiving our necessary permissions so far in advance of the implementation date.” 



Kensington’s new lender attracts Whittaker

The Kensington Group is to launch a new lending brand to market and myhomemove corporate sales director Adrian Whittaker has been brought on board, Mortgage Strategy understands. There are no details about the new lender at this time except its name: New Street Mortgages. Former Barclays intermediary chief David Finlay, who is thought to be […]


Bank of Scotland gets most FOS complaints

Bank of Scotland received the most mortgage complaints in the first half of the year, according to new statistics published by the Financial Ombudsman Service. BoS received 897 mortgage complaints in H1 2015 – a 15 per cent year-on-year fall. Of these complaints, the FOS upheld 32 per cent in favour of the customer. Santander […]


Tavistock to close and replace Financial Ltd network

Tavistock Investments is to close recently acquired network Financial Ltd and launch a new network in its place. In July, Mortgage Strategy’s sister title, Money Marketing, revealed Tavistock was considering closing Financial. The stricken network had been banned from recruiting appointed representatives in July 2014. Tavistock announced the acquisition of Standard Financial Group, the parent […]

India budget: BJP focuses on growth

By Kunal Desai, Head of Indian Equities

With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.


News and expert analysis straight to your inbox

Sign up