This permits the businesses, under Part IV of the Financial Services and Markets Act 2000, to carry out regulated mortgage and non-investment insurance business from 31 October 2004 and 15 January 2005 respectively. The letter has been issued in the name of GE Money Home Lending Limited, a new legal entity created for this express purpose, and covers the igroup and First National trading brands.
Colin Shave, chief executive officer, said: “We’re naturally delighted with this news, and I would like to pay tribute to our entire organisation which has worked so hard and conscientiously to make it happen. Our focus now is on delivering a high standard of service to our intermediaries in the final run up to Mortgage Day and beyond. In this regard, we will shortly be making a positive announcement about our KFI proposition and the good work already progressed with our introducer partners.”
