The Finance Industry Standards Association
FISA was established in 1988 as a joint initiative of brokers and lenders in the secured loan (or second mortgage) sector to enhance standards in the industry.FISA currently has six lender and over 230 broker members. All are required to comply with the FISA Code of Practice. FISA members transact about 80% of broker introduced secured loans in the UK. The sector has an estimated annual turnover of 6bn.
Use of the Website
As a consumer you can use the website to find out whether a broker or lender is a FISA member, or for any other queries click here.
As a member you can use the website for answers to your questions about regulation and access bulletins. For Frequently Asked Questions for members please click here to login. Your membership number will allow you to find out which FISAVal surveyors are approved to carry out valuations in a particular area/postcode. Training courses can be booked and the Borrowers' Information Guide ordered through the website.