UK-based peer-to-peer (P2P) lending platform LandlordInvest has received full authorisation from the Financial Conduct Authority (FCA).
The firm, which offers buy-to-let and bridging loans, secured the authroisation following a 24-month application process.
The firm will now apply to the HMRC to become an ISA manager and offer the Innovative Finance Individual Savings Account (IFISA).
The firm anticipates securing the HMRC approval over the coming weeks, and said that it will offer the IFISA directly through its lending platform.
LandlordInvest CEO Filip Karadaghi said: “We are delighted to have reached this important milestone, ahead of many larger peer-to-peer lending platforms, that are still operating under an interim permission.
“Full FCA authorisation means that we have proved to the regulator that we are able to meet its high threshold standards and have the appropriate regulatory and operational infrastructure in place.”
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