Variation of permission application fee: consumer credit

See the application fees where an authorised firm applies for a variation of permission. The fee is a one-off payment and will be scaled according to the firm’s consumer credit income.

We use consumer credit income to measure the size of a firm’s business. Find out how we define ‘consumer credit income’.

If the authorised firm is adding more than one credit activity you will pay the highest applicable fee relevant to that activity.

Category of change applied for

Est. consumer credit income

Fee

Credit unions or community finance organisations

Part 4A permission limited to permission to carry on credit-related activity

Not applicable

£100

Limited permission only firm applying for further limited permission activities

Reduction in scope of permission, e.g. only removing an activity, removing a customer or investment type from an activity or adding a requirement or a limitation.

Not applicable

No fee

Adding straightforward credit activities and the firm is currently approved for credit business other than limited permission:

  • Credit broking
  • Providing credit information services

Not applicable

£250

Adding straightforward credit activities and the firm is not currently approved for credit business:

  • Credit broking
  • Providing credit information services

Up to £50k

Over £50k to £100k

Over £100k to £250k

Over £250k to £1m

Over £1m

The firm is currently a limited permission credit firm only.

£300

£375

£500

£750

£2,500

Twice the above fee is payable.

Adding moderately complex credit activities:

  • Entering into regulated credit agreement as lender (excluding high-cost short-term credit, bill of sale loan agreement, and home-collected credit loan agreement)
  • Exercising or having the right to exercise lender’s rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale loan agreement, and home-collected credit loan agreement)
  • Entering into a regulated consumer hire agreement as owner
  • Exercising, or having the rights to exercise, rights and duties under a regulated
  • Consumer hire agreement
  • Operating an electronic system in relation to lending
  • Debt collecting
  • Debt administration

Up to £50k

Over £50k to £100k

Over £100k to £250k

Over £250k to £1m

Over £1m

The firm is currently a limited permission credit firm only.

£400

£500

£750

£2,500

£5,000

Twice the above fee is payable.

Adding complex credit activities:

  • Entering into a regulated credit agreement as a lender, in relation to high-cost short-term credit, bill of sale loan agreements and home-credit loan agreements
  • Exercising, or having the right to exercise, the lender’s rights or duties under a regulated credit agreement in relation to high-cost short-term credit, bill of sale loan agreements and home-credit loan agreements
  • Debt adjusting
  • Debt counselling
  • Providing credit references

Up to £50k

Over £50k to £100k

Over £100k to £250k

Over £250k to £1m

Over £1m

The firm is currently a limited permission credit firm only.

£500

£625

£1,000

£3,500

£7,500

Twice the above fee is payable.