The technology and business process outsourcing firm will be fully compliant with the Mortgage Market Review (MMR) when it takes effect in April 2014.
The VOP request was granted after a thorough review from the FCA, which scrutinised Vertex’s advice model, as well as looking at its overall competence, systems and controls.
Robert Coyle, managing director at Vertex Financial Services, said: “We are delighted to announce that we are the first of our peers to gain the VOP and add mortgage advice to our range of services. This means that our clients can rely on Vertex to provide a fully-compliant mortgage service, post-MMR.
“Furthermore, it will be outstanding for our staff development, too, as Vertex employees expand their skills and expertise.”
Vertex Financial Services launched as Marlborough Stirling in the 1980s and is primarily a technology and business process outsourcing company. It has around £250m in assets under management on behalf of clients including Aberdeen, Legal & General and Henderson.
