If your business is non-financial services related and you want to offer customers finance options by introducing them to lenders to facilitate the purchase of physical goods or services, you only need Limited Permission Credit Broking. It is a stripped back version of the FCA rules designed for firms that need to broker finance legally as a tool to help customers buy their non-financial goods and services. Having this badge is mandatory if you want to avoid heavy fines and keep your lender panels open. Alternatively, if your business intends to lend directly to customers from its own balance sheet without third-party involvement Limited Permission Lending would apply. You must apply for the correct permissions that aligns with your business model to stay fully compliant with FCA standards. As your dedicated compliance adviser, we will walk you through the different options to ensure your application does not get rejected from the outset and a comprehensive decision ready application is submitted instead.

For Full Permission Firms, such as Motor Finance brokers and Retail Finance lenders, securing a Full Permission Consumer Credit licence is a non-negotiable requirement. This authorisation path is significantly more detailed than its limited counterpart, involving rigorous scrutiny of your business model, financial projections, and compliance frameworks.