Mayfair Bridging becomes regulated by the FSA

Shoaib Bux, Mayfair Bridging director, said: "This is a huge achievement and I am extremely pleased by the hard work put in by our staff to achieve regulation status.

"It has been a very long and difficult process but finally it has all paid off. We will be updating the website in the next few days with our regulated product and its lending criteria.’’

And fellow director Yasin Patel added: "Introducers should engage in business with a regulated lender.

"There are many unregulated lenders out there with scrupulous business practices therefore brokers would be treating their customers fairly by advising on products from a regulated lender. We will still be offering unregulated deals but authorisation has increased our product portfolio as we can now help all types of borrowers.’’