Mayfair Bridging extends FCA permissions

Sam Cordon

July 10, 2013

Shoaib Bux, director at Mayfair Bridging, said: “This means that investors in our hugely successful peer to peer scheme can now also invest in owner occupied bridging loans.

“These are FCA regulated loans that only FCA regulated lenders can undertake. I don’t think there are many firms out there that offer this sort of investment opportunity.

“The quality of business on FCA regulated bridging loans tends to be better which ultimately serves as a better offering to investors compared to other peer to peer schemes out there. This addition complements our existing portfolio of non-regulated bridging loans.

“Introducers should only be using FCA regulated bridging lenders. This gives the borrower maximum protection and means introducers are dealing with a professional firm where there is an opportunity of borrower redress with the regulator.

“Compared to other p2p platforms out there, investors should only be dealing with FCA authorised schemes.

“There has recently been an explosion in peer to peer platforms and with the FCA regulating the entire sector soon, we are glad to be in an already authorised position.”

Jamie Bleakley, head of funds distribution, said: “At the beginning of the year investors were asking about investing into regulated deals.

“We discussed this and acted upon the request of our investors. I think this shows how versatile we are at Mayfair and how we take on board the needs of our investors.

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