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|Enterprise Finance receives FCA confirmation of variation of permissions|
|Thursday, 03 September 2015|
Enterprise Finance has received confirmation from the Financial Conduct Authority (FCA) that its application to vary its permissions – by adding ‘advising on regulated mortgage contracts’ – has been approved.
The seal of approval from the regulator comes more than six months ahead of the implementation of the Mortgage Credit Directive (MCD) on second charge mortgages in March 2016 and means Enterprise Finance already has the necessary permission to operate an advised sale on a second charge mortgage under the new regime.
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