Help needed on lead generation and referral fca

[Dani741]

Greetings,

After dedicating over three years to my current employment, I am considering embarking on an entrepreneurial endeavor. Having acquired comprehensive knowledge of our organizational processes, I am well-equipped for this transition.

Amidst my preparations, one question remains unanswered: regarding FCA regulation. Specifically, if I intend to generate or procure residential mortgage/ buy to let leads for sale to a designated mortgage FCA entity responsible for lead management and brokerage, with our sole role being lead generation and transfer to said FCA entity to close the sale. In return we would earn a commission and a percentage of the sale value.

In light of this, I seek clarity on the necessity of FCA regulation to ensure compliance with financial laws governed by the FCA.

I have asked FCA but they are not exactly being clear.

I know about AR (current company I work for is) but they do so many different products for lead referral hence confusion. My company will focus on 2 main areas for lead referral and generation.

 

[tony84]

You could speak to a compliance company, I believe you have to register with the FCA.
You could look at companies like H3 Consultancy which is a small firm - Andy is a knowledgeable person or you could try a larger firm like Paradigm.

You need processes are in place (GDPR, AML, compliance etc) and ensure your way of generating leads is not misleading - ie "We can get you the best rates" that would be misleading for example as you have no way of knowing that.