Tryloans has received full permission from the Financial Conduct Authority to conduct regulated business.
Martin Swann, managing director at Tryloans, said: “I am delighted that the FCA has seen fit to authorise our company after the huge amount of work that has been put into getting us ready to launch our proposition.
“It is testament to the hard work of the whole management team for the effort they have put in to getting this exciting offering to where it is today.
“We have recognised the need to provide easy access for brokers to be authorised to continue doing business. It is evident there is a lot of confusion out there and we intend to simplify this by providing a home for all brokers, whether they major in buy-to-let, bridging or commercial or even for those brokers qualified to transact regulated mortgages.
“The one thing that is crystal clear is whatever type of business you deal in, you now need to be authorised to do so or you are flouting the law.”
Barry Scott, operations director at Try Loans echoed Swann’s thoughts.
He said: “At last all brokers will have access to a network with a huge difference. We do not only cater for regulated mortgage brokers and we do not only cater for brokers working within the Consumer Credit space.
“We cater for both by building a very comprehensive model that has the ability to offer brokers virtually every tool they would need in their tool bag. In many cases this will give brokers the chance to grow their business by offering products which previously they may never have had access to.”