< p>Shawbrook Bank’s commercial mortgages team has released its own set of guidelines around FCA permissions in order to support brokers…

The guidelines come following the transfer of responsibilities for regulation of consumer credit business from the OFT to the FCA.

These guidelines follow on from the Bank giving clarity to the broker community over HMO valuation and again Shawbrook has responded to feedback to design support throughout this period of regulatory change.

Karen Bennett, Sales and Marketing Director of Commercial Mortgages at Shawbrook, said they were fully dedicated to helping their brokers understand how the consumer credit regime may affect them.

“The Shawbrook Broker Barometer is a great tool for understanding our brokers’ needs and the areas of the market that need clarifying,” said Karen.

“After a review of the most recent feedback from our survey, it was clear that there remains some degree of confusion around the FCA permissions required to operate in the commercial mortgage market.

“Therefore we have sought to clarify our stance and assist brokers to understand the implications for their business by producing the Shawbrook Guidelines for Broker Partners.

“We are confident that this material will prove valuable for our Broker Partners and that it will assist them in understanding the regulatory framework for credit broking activity.”