Options for regulatory approval as a mortgage firm
As a professional mortgage adviser contemplating the best pathway to obtain regulatory approval for your firm, it's crucial to weigh up your options carefully. Regulatory compliance is not just a legal requirement, but a foundation for building trust with your clients, and ensuring the sustainability of your business. In the UK, mortgage advisers must be authorised by the Financial Conduct Authority (FCA) to provide advice on regulated mortgages. This can be achieved either by joining an existing authorised network or by obtaining direct authorisation. Each route has its distinct advantages and challenges, and understanding these can help you make an informed decision that aligns with your business goals.