The firm has also applied to HMRC to become an ISA manager able to offer an Innovative Finance Individual Savings Account.
Buy-to-let and bridging peer-to-peer platform LandlordInvest has gained Financial Conduct Authority Authorisation after a 24 month application process.
The firm has also applied to HMRC to become an ISA manager able to offer an Innovative Finance Individual Savings Account (IFISA) – and it said it expects to get the green light over the next few weeks.
Filip Karadaghi, chief executive of LandlordInvest, said: “We have after a long and rigorous process finally been authorised by the FCA.
“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.”
