Operations director David Grant said: “We have worked closely with the FCA over the past few months and have been able to provide all the required documentation to meet their rigorous requirements.
“Our business is robust and met all the necessary criteria. We welcome being recognised as a regulated mortgage lender”.
Managing director John Yates added: “Greenfield Capital is a short term lender, we have over 50 years of lending experience in our management team and we can provide fast and competitive property loans for many uses. We don’t intend to change our core business as we will continue to offer bridging loans, auction funding and property development finance.
“However, there are very few lenders currently doing what we do successfully in the regulated arena. We feel that by widening our product base to include regulated lending we are now better prepared to meet our introducers’ requirements and our clients’ needs.
Yates added: “Our service has always been at the centre of everything we do, from underwriting on day one to crediting an introducer’s proc fee on day of drawdown.
“Our products will continue to be competitive, with rates as low as just 0.74% per month for 70% LTV on residential auction purchases.
“Offering regulated products too will support our ambition to remain at the forefront of the short term property lending market.”
Grant went on to say: “We have already seen an uplift in referrals of regulated business and have taken on another relationship manager to satisfy the demand.
“The team of five RMs have a wealth of experience as our people are key to our introducer and client experience.
“2014 is set to be a continued success for Greenfield Capital.”