Non-Standard's 'Loans at Home' gets full FCA authorisation

Non-Standard Finance announced on Wednesday that Loans at Home, the group's home-collected credit business, had received its full FCA authorisation.

The London-listed firm had acquired the Loans at Home business as part of its acquisition of SD Taylor for £82.4m in July 2015.

Loans at Home was established in 1938 and occupied the number three position in UK home credit, according to Non-Standard Finance.

“Since acquisition, Loans at Home's management team has completely revitalised all of the business's operational processes and procedures to reflect recent regulatory changes but also to align with best practice and to allow the business to grow significantly,” Non-Standard Finance had explained in a statement.

“At the same time, the group has invested in new technology that will both improve operational efficiency and compliance as well as reduce costs.”