Subject to FCA authorisation. No regulated activity will commence until permission is granted. CUSO entity operational from Q4 2026; regulated mortgage advice service anticipated H1 2027.
For credit unions
MyCUmortgage Ltd reserves founding-partner places for credit unions willing to take equity at incorporation, a board NED seat, and a locked founding service-fee rate. Future shares may be issued at premiums determined by the Board; the founding cohort fixes the par-value entry point. The founding cohort and their successors will collectively hold 51% of the CUSO over time — it is the sector’s infrastructure to run.
£2,500
Monthly retainer pre-launch
£30k
Equity subscription at par
51%*
Collective CU ownership target
4–6
Founding partner places
Founding-partner shares are issued at par value at incorporation. Future shares may be issued at premiums determined by the Board at the time of issue. The founding cohort fixes the par-value entry point; later issuances do not.
One non-executive director seat per founding partner. Governance and strategic input from day one. Founding partners shape the company, not just use it.
Pre-launch monthly retainer of £2,500 over twelve months is credited in full against the £30,000 equity subscription on launch. The retainer is, in effect, deferred equity rather than a sunk fee.
Proportionate share of distributable profit, when declared, as the loan book and fee income grow across the network. Distributions are at the Board’s discretion and are not guaranteed.
Founding partners secure a preferential service-fee rate, contractually locked at launch and reserved for the founding cohort. Specific terms are set out in the founding-partner pack and walked through during the initial call. Credit unions joining after the cohort closes pay standard rates.
CUSO entity operational from Q4 2026; founding-partner cohort terms locked from that date. Regulated mortgage advice service launches when FCA authorisation is granted (anticipated H1 2027). First-mover advantage in a market segment the FCA has identified as structurally underserved.
*Collective CU ownership target. Achieved through the founding cohort plus subsequent partner equity issuances over time, with the founder retaining a personal stake. Pre-emption mechanics and the path to 51% will be set out in the Articles and the Shareholders’ Agreement; subject to FCA authorisation and corporate counsel sign-off.
What you receive
Every case lands on your underwriter's desk as a single, decision-ready file. Faster than a high-street broker. Lower cost to your member. No piecemeal documents.
Credit file
TransUnion or Experian, on your chosen bureau.
Affordability narrative
Built from actual bank statements or Open Banking — not ONS averages.
Identity & AML
KYC, fraud cross-check, source of funds, audit trail.
Valuation & legal
Valuation, first-charge consent, conveyancing, HM Land Registry.
Recommendation letter
Drafted by the regulated adviser, tied to your CU's underwriting policy.
Debt consolidation
Where consolidating debt, settlement is paid by the solicitor direct to each creditor — funds never reach the borrower.
Register interest
A confidential conversation with Paul Hancock to walk through the proposition, review your membership profile, and model the revenue opportunity specific to your credit union. There is no commitment at that stage. Heads of Terms, draft Shareholders’ Agreement, and FCA application status report available following the initial call.
Founding-partner discussions close 31 July 2026.
Step 1 of 2 · audience certification
This page is directed at directors, officers and representatives of UK credit unions in their capacity as such, in reliance on the audience-restriction provisions of FPO 2005 (Articles 43, 48 and 50A). Confirm to continue.
Referral integration
POST · Authorization: Bearer mcu_pk_*** · 60 req/min · audit-logged
POST /api/v1/partner/referrals
Authorization: Bearer mcu_pk_...
Content-Type: application/json
{
"external_ref": "CU-2026-0001",
"member": { ... },
"consent": { "data_share": true, ... }
}Schema-validated with zod, rate-limited, audit-logged. Drop-in for any back-office system or integration platform.
Request API access# .well-known/mcp.json
{
"transport": { "type": "streamable-http",
"endpoint": "/api/mcp" },
"tools": [
"referral.create", "referral.get",
"referral.list", "application.status"
]
}For credit unions running an AI agent system, our Model Context Protocol server is installable in one line of agent config. The first UK CUSO to ship this.
Request MCP keyLive demo
Total lending agreed across your members · referrals you've sent · applications agreed · per-member status tracker with search and date-range filters. Sample data, same shape as the live build.
Open partner dashboard