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.