The Loans Engine has secured second charge mortgage permissions ahead of the implementation of the Mortgage Credit Directive on March 21.
The Loans Engine is also registered for consumer Buy-to-Let activity and has received its full consumer credit permissions.
Ryan McGrath, chief executive of The Loans Engine, said: “This confirmation from the FCA is a hugely significant moment for the business. It’s the result of an incredible amount of hard work from many in the TLE team who were involved in the process.
“As a leading player in the second charge marketplace we wanted to ensure we obtained permissions for broking second charge mortgages as early as possible, so we’re fully prepared and ready to support our intermediaries and their customers when MCD comes into effect.
“It’s an extremely proud day for all at TLE and we are looking forward to developing our proposition further in our quest to be the ‘go–to’ second charge specialist for second charge loans, unsecured loans, bridging and commercial finance.”