Michael Clapper, Enterprise’s CEO said, ‘ We are very pleased to receive our authorisation in time for Mortgage Day, particularly as the consensus up to eight weeks ago was that packagers would not need be authorised by the FSA and our strategy had been based on an unregulated scenario. The shortage of clear guidance had made planning difficult, but thanks to the work of our compliance team and the efficiency of the FSA’ s authorisation department, Enterprise once again faces the future with confidence.’
He added, ‘In light of the sentiments throughout the industry, it would have been foolish to continue to plan for an unregulated future and swim against the tide. Our customers and lenders expected us to be authorised and commercially we felt there was no choice. Our introducers can now look forward to our upcoming branded range of mortgages.”
