Apply to become a home finance provider

You'll need to demonstrate that your firm can use the permissions you're applying for within 12 months of you getting authorised.

This is so that consumers don't get misled. It also saves us having to cancel any of your unused permissions.

We expect your firm's funding to be in place for the mortgage book covering 12 months and for operational costs covering 36 months.

Where applicable, you should support this with agreed and evidenced signed heads of terms or equivalent.

We need this information to assess whether you have a viable business and that it will be resourced appropriately, as well as whether you'll use your permissions within the first 12 months.

This is an important document that we'll use to assess your firm's activities, so please be comprehensive. We don't expect to see a generic marketing document. If your RBP isn't detailed enough and tailored to your business, your application will take longer.

Make sure you set out:

• the aims and objectives of your firm and why you're applying for authorisation
• the full range of activities your firm will undertake, including activities that we don't regulate
• why the permissions applied for are needed for your business
• details of the product(s) your firm will be providing
• the distribution channels you'll be using
• details of the customer journey
• how the business activities are funded and how revenue is generated
• your firm's target market and evidence of the research that's been conducted to show the product or service your firm offers meets the needs and characteristics of the target market
• an organisation chart that shows your key staff, roles and where they're located
• details of the training that's provided to staff
• details of staff incentives
• whether your firm is to be a Section 21 Financial Promotions Approver
• how you'll source customers, including details of:
  • any introducers or lead generators you'll use
  • the due diligence you'll carry out on introducers
• details of any website or social media advertising – find out how to ensure that your financial promotions and adverts comply with our rules
• the experience of senior managers at your firm and explain why you believe they have the necessary skills, experience and regulatory knowledge to lead an authorised firm
• if you employ multiple advisers, including any self-employed advisers, how they're to be remunerated and the how their advice is overseen and supervised
• whether any parts of your business activities will be outsourced
• an overview of the policies and procedures in place, relevant to your firm's business model