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about our services
Warren & Co (Independent
Mortgage Specialist) Ltd
54 Dinglewell
Hucclecote
Gloucester
GL3 3HU
1 . The Financial Services
Authority (FSA)
The FSA is the independent watchdog that regulates financial
services. It requires us to give you this document.
Use this information to decide if our services are right
for you.
2. Whose products do we
offer?
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We offer mortgages
from the whole market. |
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We only offer mortgages from
a limited number of lenders. Ask us for a list
of the lenders we offer mortgages from. |
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We can only offer a limited range
of mortgages from a single lender. |
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We offer products from a range
of insurers for Term Assurance, Critical Illness,
Income Protection, Private Medical Insurance,
Buildings & Contents Insurance and Accident
Sickness & Unemployment. |
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We can only offer Term Assurance,
Critical Illness, Income Protection, Private Medical
Insurance, Buildings & Contents Insurance
and Accident Sickness & Unemployment products
from a single provider. |
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We can only offer products from
a limited number of insurers for Term Assurance,
Critical Illness, Income Protection, Private Medical
Insurance Building & Contents Insurance and
Accident Sickness & Unemployment. |
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Ask us for a list of the insurers
we offer insurance from. |
3. Which service will
we provide you with?
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We will advise and
make a recommendation for you after we have assessed
your needs with regard to your mortgage/insurance. |
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You will not receive advice or
recommendation from us with regard to your mortgage/insurance
products. |
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may ask some questions to narrow down the selection
of products that we will provide details on.
You will then need to make your own choice about
how to proceed. |
4. What will you have
to pay us for this service?
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A fee of £165.00
is payable at the outset for administration of
a remortgage. We will also be paid commission
from the lender. |
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A fee for administration not
exceeding .03% of the market value is payable
at the outset for the purchase of a property (For
example (Value of Property £150,000 Fee
Charged £450)) up to a maximum of £750.
We will also receive commission from the lender. |
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An upfront fee of 1% of the value
of the property is payable (For example, property
value £150,000 = £1,500) and we will
refund to you any fee which we get paid by the
mortgage lender. |
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No Fee will be charged for Administration. |
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will receive a key facts illustration when considering
a particular mortgage which will tell you about
any fees relating to it. |
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No Fee will be charged for the
service of arranging Non-Investment Insurance
contracts of any type. |
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A fee of £[ ] will be charged
for the service of arranging Non-Investment Insurance
contracts of any type. |
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will receive a quotation which will tell you about
any other fees relating to any particular insurance
policy. |
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5. Refund of fees
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If we charge you
an administration fee and your mortgage does not
go ahead, you will
receive: |
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A full refund if
the transaction fails to complete. |
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A full refund if the lender rejects
your application. |
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No refund if you decide not to
take out a mortgage. |
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No fee charged. |
6. Who regulates us?
Warren & Co
(Independent Mortgage Specialists) Ltd is authorised
and regulated by the Financial Services Authority. Our
FSA register number is 300899. Warren
& Co (Independent Mortgage Specialists) Ltd's
permitted business is advising and arranging mortgages
and general insurance business.
You can check this on the FSA's Register
by visiting the FSA's website
www.fsa.gov.uk/register/
or by contacting the FSA on 0845 606 1234.
7. What to do if you have
a complaint
If you wish to
register a complaint, please contact us:
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to: |
Warren &
Co (Independent Mortgage Specialist) Ltd
54 Dinglewell
Hucclecote
Gloucester
GL3 3HU |
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| Telephone: |
01452 547783 |
If you cannot settle your complaint
with us, you may be entitled to refer it to the Financial
Ombudsman Service.
8. Are we covered by the
Financial Services Compensation Scheme (FSCS)?
We are covered
by the FSCS. You may be entitled to compensation from
the scheme if we cannot meet our obligations. This depends
on the type of business and the circumstances of the
claim. Mortgage advising and
arranging is covered for 100% of the first £30,000
and 90% of the next £20,000 so the maximum compensation
is £48,000.
Insurance advising and arranging is
covered for 100% of the first £2,000 and 90%
of the remainder of the claim, without any upper limit.
Further information about compensation
scheme arrangements is available from the
FSCS.
October 2007.
Tell
a colleague about this site.
Simply enter your colleague's email address below and
click on 'Send'.
YOUR
HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS ON YOUR MORTGAGE.
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