Genesis Home Loans and Guaranteed Home Loans have received approval from the FSA for their merger, announced in August this year.
Initially, both companies will continue to trade under separate brands with compliance functions based at Genesiss Peterborough office.
Additionally, the branded lending operation, finance, marketing and personnel functions will be based in Peterborough with the packaging, sales and training functions being based in Maidstone.
Genesis Home Loans managing director Nigel Gardner says: Todays announcement is great news for everyone involved. A successful network needs a critical mass of ARs and this merger will see us doubling in size.