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Mortgage providers and intermediaries Authorisation (licence)

We can provide full end-to-end support licence authorisation applications for mortgage lenders and insurance intermediaries.

Our services for mortgage providers and credit brokers 

FCA licence authorisation

We can help advise on the requirements and prepare your application, including all the required policies, for a successful application in the quickest time possible. We also help manage communication with the FCA.

Comprehensive support

We offer a comprehensive range of services tailored specifically for mortgage providers and brokers, covering licensing, compliance, training, and ongoing regulatory support.

End-to-end set-up 

We provide an end-to-end solution for mortgage providers and brokers, handling everything from initial consultation to application submission and ongoing compliance support.

Why leading firms choose us as their partner.

"We appreciate the support provided by Buckingham Capital Consulting in assisting us with our mortgage brokering operations. Their expertise and guidance have been instrumental in ensuring our compliance with regulatory requirements and maintaining a strong focus on consumer protection.

Buckingham Capital Consulting's in-depth knowledge of mortgage regulations, including the Mortgage Market Review (MMR) and Mortgage Credit Directive (MCD), has helped us navigate complex industry guidelines. Their team has provided valuable insights on responsible broking practices and ethical standards.

With their assistance, we have been able to streamline our mortgage application processes and enhance our customer interactions. Buckingham Capital Consulting's commitment to staying abreast of industry changes has provided us with the confidence to navigate evolving regulatory landscapes.

We would recommend Buckingham Capital Consulting to other mortgage brokerages seeking expert guidance in achieving compliance and delivering quality customer experiences. Their professionalism and attention to detail have proven them to be a valuable partner in our journey."

Mortgage Lenders and Brokers Authorisation Guide

At Buckingham Capital Consulting, we specialise in assisting mortgage firms in obtaining FCA licence authorisation, ensuring compliance with regulatory requirements. Let's dive into the world of mortgage licensing and explore the key steps involved in obtaining FCA authorisation for both mortgage lenders and brokers.
 

Understanding the Regulatory Landscape

 

Before starting the FCA's licence authorisation process, it is crucial to understand the regulatory landscape that governs mortgage lending and brokering activities. Familiarise yourself with the Financial Services and Markets Act 2000 (FSMA) and the relevant FCA rules and guidance, including the Perimeter Guidance Manual (PERG), Threshold Conditions (COND), Mortgage Conduct of Business Sourcebook (MCOB), Prudential sourcebook for Mortgage and Home Finance Firms, and Insurance Intermediaries (MIPRU), and Consumer Duty requirements. Our expert team will provide you with detailed insights into these regulations, ensuring you stay compliant throughout the licensing process.
 

Determining the Appropriate Licence

 

Mortgage Lenders: For mortgage lenders, it is essential to match your business model with the required permissions outlined in the PERG. We will work closely with you to ensure that your business activities align with the specified permissions and help you demonstrate this alignment in your licence application. Additionally, we will guide you in meeting the Threshold Conditions (COND) to ensure ongoing compliance.
 

Mortgage Brokers

 

Mortgage brokers must also consider the PERG to determine the appropriate permissions for their business model. Our team will guide you in understanding the permissions required and ensure your application reflects the specific permissions aligned with your brokering activities. We will also assist you in meeting the Threshold Conditions (COND) to demonstrate compliance throughout your brokering operations.
 

Compliance with Mortgage Conduct of Business Sourcebook (MCOB)

 

MCOB is a comprehensive set of rules that apply to mortgage lenders and brokers. We will provide you with detailed guidance on the specific rules within the MCOB and assist you in developing compliant policies and procedures that align with these requirements. This includes consumer protection measures, disclosure requirements, and responsible lending practices.
 

Prudential Sourcebook for Mortgage and Home Finance Firms, and Insurance Intermediaries (MIPRU)

 

MIPRU is particularly relevant to the permissions you are applying for as a mortgage lender or broker. Our team will ensure that your licence application demonstrates compliance with the prudential requirements outlined in MIPRU, including initial and ongoing capital adequacy requirements.
 

Consumer Duty Requirements

 

As part of the FCA's focus on consumer protection, mortgage lenders and brokers are subject to the Consumer Duty requirements. We will guide you in understanding and implementing the necessary measures to ensure fair treatment of consumers, including transparency, acting in the best interests of customers, and providing suitable advice and products.
 

Application Process, Fees, and Waiting Times

 

During the licence authorisation process, you will be required to submit a comprehensive application pack, including a detailed business plan, financial forecasts, compliance policies and procedures, governance arrangements, and evidence of regulatory compliance. The application fee will vary depending on the type and scale of your mortgage lending or brokering activities. Waiting times for licence authorisation can vary, but we will work closely with you to ensure a smooth application process and minimise any delays.

Our People

Our team of regulatory and compliance experts boasts diverse backgrounds spanning various sectors, providing a holistic understanding of our clients' challenges. With our service being led by seasoned professionals, you'll have direct access to senior experts, often at the director level, ensuring personalised attention. Combining robust regulatory knowledge with commercial insight, our team delves deep into your business to tailor unique solutions specifically suited to your needs.

Seeking something more bespoke or not listed above? Contact us to discuss your unique requirements. With our expertise and experience in financial services, chances are we can assist you effectively.

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