Regulation

We currently provide exempted and unregulated direct consumer credit and business loans that are not regulated by the Financial Conduct Authority (FCA).

 

Regulation-Exempt Loans

• A loan which will be secured by a first charge over a property in which the neither the customer nor his family / partner lives;

• A loan which is to be secured by a second charge over the customer’s home (or the home of some of his family / partner) however the loan is over £25,000 and is for predominantly business purposes;

• A loan which is to be secured by a second charge over the customer’s home (or the home of some of his family / partner) however the loan is to a customer who is regarded as a high net worth individual.

 

Non-regulated Loans

Any of the above and all loans to corporate entities such as limited liability companies.

The Financial Conduct Authority does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, overseas mortgages, and conveyancing or debt management.

 

Quidmaster Loans Regulation Status

Quidmaster Loans is currently not regulated for the current loans it provides as they fall under the above which makes regulation only voluntary at this stage. We will be fully regulated by the FCA as and when we decide to provide regulated consumer credit and loans which requires mandatory regulation.

Regulatory Compliance

 

The Financial Conduct Authority (FCA) does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, earned wage access schemes, bridging loans, trusts, overseas mortgages, and conveyancing or debt management.

Not all borrowers will qualify for a loan, and not all applicants will be approved for their requested loan amounts, and loan repayment periods vary by loan type also. We may use collection services for non-payment of loans.

You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action. Loans are subject to status and affordability. Loan rates will depend on your credit profile. UK residents only.

Not all our loans require a collateral, but any property used as security, which may include your home or business (incl operating premises), may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

No Upfront Fees. All applicable fees are VAT inclusive.