Ashleigh Mortgages: is a trading name of Keith Hunter and is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 628591.
Registered office address for Ashleigh Mortgages is Portland House Belmont Business Park Durham DH1 1TW.
The FCA do not regulate some investment mortgage contracts.
Calls may be recorded for training and monitoring to help us improve our services.
Keith Hunter is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority is the principle regulatory body for Financial Services in the UK. The Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS Tel: 020 7066 1000 or by visiting their website http://www.fca.org.uk/site-info/contact.
We do not charge a fee for our qualified mortgage advice, this we provide free. How ever should you wish us to process your mortgage their is a large amount of work/administration and skill getting your application right before it is presented to a lender. In order to cover the costs of our work staff and time involved in this work we charge a application fee This covers the cost of the work involved to make the mortgage application on your behalf once you have agreed to proceed.
For Residential mortgage applications our fee is £795.00 of which part 1 £395.00 is payable on your request to proceed and is none refundable, the remainder is payable only on production of the mortgage offer. (For existing clients who have completed previous residential mortgages there is an application flat fee of £395.00).
For Buy To Let mortgage applications our fee is £995.00 is payable on your request to proceed. (For existing clients who have completed previous buy to let mortgages there is an application flat fee of £495.00).
Where a borrower wants to raise additional funds, we will make you aware that in addition to a further advance or remortgage, a second charge or unsecured loan may be more appropriate and we will advise you if this is the case, "we do not charge a fee for this" we are paid a commission from the loan provider who carry out the processing to secure the loan, the fee set by these companies can be between 3% - 12.5% depending on your circumstances.
Business Buy to Let and Commercial mortgages: are not regulated. Fees for non-regulated mortgages can vary depending on your requirements and circumstances and are looked at on a case by case basis. We use various companies to provide this service and you will be informed of the fees charged by the appropriate company for you to make a decision as to how you wish to proceed.
If you decide that you wish to make an investment mortgage application and decide to take a mortgage on a interest only basis you understand that you will not repay any capital on the monthly payments and it is your responsibility to repay the mortgage at the end of the term.
You will receive a Key Facts Illustration or European Standardised Information Sheet when considering a regulated mortgage, which will describe any fees relating to it.
Non-investment protection contracts - we will provide you with price information only after you have provided us with your demands and needs for a particular type of product and cover, you will then need to make your own choice about how to proceed.
General insurance contracts: – we will provide you with price information only after you have provided us with your demands and needs for a particular type of insurance, you will then need to make your own choice about how to proceed.
The authority to act on your behalf may be terminated at any time without penalty by either party giving seven days notice in writing to that effect to the other, we can accept verbal or email communication although this must be followed up in writing. This being without prejudice to the completion of transactions already initiated. Any transactions effected before termination and a due proportion of any period charges for services shall be settled to that date.
Certain protection and insurance contracts allow you the right to cancel after a contract has been put in force. Prior to you entering into a contract of protection or insurance the insurer will provide you with specific details should this apply it will include: its duration; conditions, practical instructions and any costs for exercising it, together with the consequences of not exercising it.
Ashleigh Mortgages do not handle client money in any circumstances.
Identity / Documentation:
We are required by law to verify your identity, we will when we send you your introductory pack request this along with other documentation we will require to process your application. We will only ask for documentation in relation to the application of any mortgage or insurance contract we process, any hard copies will be returned by post and we will only keep records that we are required to do so and for the time required in relation to the regulation of our company and any advice or service we have given.
We will contact you through out the process of your mortgage or insurance application up to and after completion to ensure we have provided a satisfactory service, during this time you will be asked to if you would like to be contacted periodically by post, email or phone to update you on any new products we think may be beneficial to you or when your mortgage deal would need review. This would be by way of questions asked in your initial pack, you can of course cancel this option at any time after this.
Other taxes or costs may exist which are not paid through us or imposed by us. Should you be purchasing or remortgaging a Buy To Let / investment property it is understood that you have took advice from a suitably qualified accountant and understand the tax implications and any reporting of any investments you make.
Your home / property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it.
If you are thinking of consolidating existing borrowings you should be aware that the new loan may take longer to pay off than your previous loans, this means you may pay more than if you did over a shorter period. If you choose a variable rate loan the cost of your payments may increase.
If your mortgage with us involves raising additional monies (either because you’re taking a further advance or remortgaging from another lender), we’re required to inform you that alternative finance options may be available and more appropriate. These could include staying with your existing lender, taking a second charge loan with another provider, or an unsecured loan.