Adviser network Tenet Group has been granted a full consumer credit licence by the FCA.
The firm claims it is the first network to be given full permission for consumer credit services by the regulator.
The permission allows Tenet to offer mortgage-related services such as credit broking, debt counselling and debt adjusting, credit information services and lending.
Tenet Group brands director Mike O’Brien says: “As far as we are aware, we have become the first network to become fully licensed.
“We put a lot of effort into preparing to offer this new service and anyone who thinks that varying their permissions is a straightforward procedure may be surprised.”
The FCA took over the consumer credit regulation remit from the Office of Fair Trading on 1 April, with some 50,000 firms expected to require regulatory authorisation.