Key Secured gains CCA permission

Sarah Davidson

December 4, 2014

The Key Requirement Group recently completed its acquisition of V Loans, which was announced in September.

The brand V Loans, which was founded in 2007 by Dave Pinnington and Marie Grundy, has been retained and will continue to operate from its headquarters in Wilmslow, Cheshire.

Marie Grundy of Key Secured Lending, said: “As the regulatory landscape for the second charge market continues to evolve at a rapid pace we are focused on ensuring we exceed the regulator’s high standards.

“It is crucial in the second charge market as intermediaries looking to place business will choose partners carefully with regulatory standards in mind and the FCA permission ensures that we can look to extend our services to a wider intermediary base in the coming months.”

Key Retirement Group is backed by private equity investor Phoenix Equity Partners, which bought a majority stake last year for £35m.

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