Are mortgage brokers regulated?
Yes, mortgage brokers, including firms and individuals, are regulated by the Financial Conduct Authority (FCA).
You can check the Financial Services Register online – register.fca.org.uk
To provide mortgage advice each advisor must hold an approved mortgage qualification. They will treat you fairly and make sure they recommend the mortgage that is most suitable for you.
The FCA only protects mortgage advice where it relates to a borrowers own home. This means that mortgages for holiday lets, buy to lets and most bridging loans are not regulated and not protected.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.