BDS Mortgage Group has announced it has received its minded to approve letter from the FSA.
The MTA covers all categories applied for and BDS hopes to receive full authorisation no earlier than August 2004.
Group head of compliance Bruce Collins says: “This is fantastic news. We worked hard to submit our application in advance of the first deadline and it looks like this has paid off. Whilst we have deliberately restricted the size of our network I have always believed that our proposition is one of the most competitive in the market and this announcement confirms it.”