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FCA exposes unauthorised loan firm
On its website, Novostar Finance Co Ltd of 4 Frenchurch Avenue, London, advertises a range of lending solutions, including personal loans, business finance, home loans and second mortgages.
Despite referring to itself as an “independent finance lender”, the firm also offers to help consumers to find the correct loan or mortgage, boasting access to some of the UK’s leading finance providers.
In a statement, the regulator said: “This firm is not authorised by us and is targeting people in the UK.
“Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.
“We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are.”
Novostar has been operating via +44 (0) 7795 823 288, [email protected] and at http://www.novostarfin.n.nu/.
Consumers who suspect that they have been approached by an unauthorised firm or contacted about a scam, should contact the FCA helpline on 0800 111 6768.
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