The lender encouraged customers to read the Financial Conduct Authority’s (FCA) statement ‘with an open mind’ but said it would look to address alleged untruths in the warning.
Yesterday, the FCA stressed to consumers that they would not be eligible for compensation should a problem arise when using the lender.
Self-cert mortgages were banned in the UK after the Mortgage Market Review in April 2014, requiring every consumer to have their affordability checked thoroughly.
The new lender, based in Prague in the Czech Republic, has managed to sidestep the FCA’s rules through the European Electronic Commerce directive, allowing it to lend to customers inside the UK while basing itself overseas.
SelfCert.co.uk said: “The FCA has issued a statement about this site. Whilst we disagree with the points in it, we certainly think people should read it and decide for themselves. We are not anti-FCA in anyway and people should listen to them with an open mind.
“On the face of it they don’t actually disagree with anything we have said, they have however inferred things that aren’t true,” it added.
“When we get some time we will address these.”
The FCA declined to comment.