Mayfair Bridging has extended its FCA permissions for its peer to peer UCIS scheme to include FCA regulated bridging loans.
Shoaib Bux, director at Mayfair Bridging said the move meant investors in its peer to peer scheme can now also invest in owner occupied bridging loans.
He said: “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 p2p 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.”