T A Mortgages complies mortgage code compliance board

The FSA are there to make sure that you are fully informed and adequately protected when taking out a mortgage. All lenders and intermediaries registered with the FSA keep to the guidelines and standards set out. The FSA ensures compliance through an ongoing programme of inspection and compliance liaison visits. In addition "mystery shopping" and consumer research exercises are regularly conducted.

The FSA is a non-statutory regulator. Its role is to regulate the supply and provision of mortgage advice in the UK by ensuring registered firms under the FSA adhere to the strict standards set out. The Financial Services Authority also regulates the advertising of UK mortgages.

The Department of Trade and Industry had created a checklist of key questions that it is suggested customers should ask when looking to take out a mortgage.

How much can I afford to borrow?
How can I tell which mortgage rate is best for me?
What is the best type of mortgage for me?
How should I repay it?
Can I make lump sum payments to reduce the size of loan?
Are there any redemption penalties
Is compulsory insurance required?
What are the other charges that will apply when taking out a mortgage account?
What happens if I can't pay?

The basis on which the mortgage is calculated should also be known.

For more information visit FSA website

About Us | Site Map | Terms of business | Privacy Policy | Contact Us