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Credit BrokingCredit Brokers
Credit Brokers
FCA Authorisation
Expert regulatory support for credit brokers, loan intermediaries, and finance arrangers seeking FCA authorisation for consumer credit activities.
180+
Firms Authorised
98%
Success Rate
8 wks
Avg Timeline
Consumer Credit Regulation
Credit brokers arrange consumer credit agreements, introducing borrowers to lenders for personal loans, vehicle finance, and other credit products.
The Consumer Credit Act and FCA's CONC sourcebook set detailed requirements for responsible lending, affordability assessments, and clear customer communications.
FCA authorisation requires demonstrating appropriate systems for creditworthiness assessments, complaint handling, and treating customers fairly.
Typical Services
- Personal loan broking and arrangement
- Vehicle finance and hire purchase
- Point-of-sale consumer credit
- Credit comparison and lead generation
Key Regulatory Requirements
Consumer Credit Permissions
- Credit broking permission
- Lender panel due diligence
- Commission disclosure
- Fee transparency
Affordability Assessments
- Creditworthiness checks
- Income and expenditure verification
- Responsible lending framework
- Vulnerable customer identification
CONC Compliance
- Pre-contract information
- Adequate explanations
- Clear financial promotions
- Treating customers fairly
Financial Resources
- Base capital: £5,000 (credit brokers)
- Professional Indemnity Insurance
- Financial projections
- Adequate working capital
Ready to Get Authorised?
Speak with our consumer credit regulatory specialists to discuss your FCA authorisation.
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