Consequently Platform is anauthorised company with effect from October 31, 2004.
The news supersedes notice of Platform's minded to approve letter, which the lender received in August. Platform is one of the first lenders to have received confirmation from the FSA of its regulated authorisation.
David Tweedy, managing director, at Platform, says: “We are very pleased that our application for regulatory status has been accepted, we have put in a tremendous effort into the regulation project at Platform and I would personally like to thank the team for their hard work.
“It has been a challenge, preparing for the onset of regulation and we have made a number of amendments to policies and processes to ensure that we are ready. However, the hard work does not end here. We look forward to operating in a regulated environment and working in partnership with the newly authorised mortgage intermediaries.”