Terms of Business
Our Terms of the Business document outlines the services we provide. It's an important document, so please make sure you take the time to read it carefully. If there's anything that you're unsure about, do not hesitate to get in touch with us.
Who we are
We are Finer Credit Ltd (Finer), a company registered in England and Wales under company number 13099188. We are trading style of Access Financial Services who are authorised and regulated by the Financial Conduct Authority. FCA Register number 301173.
You can check this on the Financial Services Register by visiting the FCA website. Our head office is 3rd Floor, 86-90 Paul Street, London, EC2A 4NE. You can contact us at this postal address, by email at email@example.com.
About Our Services
We offer full advice and recommendation to you. This means we will:
• Explain all parts of the mortgage and protection journey to you and the value we'll add to your journey.
• Get to know you, and understand your needs, preferences and circumstances.
• Identify your lifestyle and financial expectations over the life of the mortgage.
• Explore your needs fully and raise any contradictions which we'll discuss to clearly establish your needs and priorities.
• Advise and recommend products that are appropriate for you based on the above.
• Help you with the process to secure your mortgage and protection product
• Automatically continue to monitor your mortgage to ensure you are on the most appropriate deal for your circumstances based on the information you give us.
Our recommendations will be supported by:
• An explanation of the implications of the particular mortgage features both now and in the future, including changes to the interest rate
• An explanation of the costs associated with the mortgage and the impact of adding any of these to the mortgage.
• An explanation of the next steps and timescales including any administration needed, such as underwriting or a valuation.
• Advice on how and whom you need to contact for help or support throughout the process.
• A report confirming why the recommendation has been made.
• Illustrations and other relevant information.
It is important for us to maintain contact with you throughout your financial life cycle with Finer. We will only contact you via the contact information you have provided as part of your onboarding as a Finer customer. You may use the phone, email or video conference facility provided to contact us throughout your application with Finer.
Mortgage Monitoring Service
As part of our service, we'll regularly check your current mortgage deal against other deals on the market to see whether there's another deal available that would better suit your needs. We'll email you periodically to keep you updated on your deal, as well as when we find a more appropriate deal for your needs based on the information you've given us. You'll automatically benefit from this service on completion of your mortgage application with us but can get in touch should you want to stop this service and end your relationship with Finer. If you choose to end your relationship with us, we'll close your account but may retain certain data required based on our regulatory requirements.
Mortgages we offer
We offer a range of first charge mortgages from 90 different lenders, but not deals that you can only obtain by going directly to a lender (If you would like to see a full list of the lenders we have access to, then please ask).
We don’t offer advice on second charge mortgages or loans, Commercial Lending or unsecured lending. If you need these types of loans, we’ll refer you to a specialist broker.
Where we identify other products and services that could be of interest to you, we’ll make sure you are aware of them.
Insurance & Protection
It’s important to consider insurance and protection when taking out a mortgage. We’ll speak to you about this and give you the option to use our service for that needs, recommend you to an insurance specialist or let you find the right products yourself.
We provide Advice & Recommendation of some of the largest providers in the UK that includes:
• The Exeter
• Legal & General
• Royal London
• Scottish Widows
• Canada Life
We do not charge a fee for our service. We receive a commission from the Provider for arranging the policy. As part of Finer understanding your protection requirements we need some medical information and details on your lifestyle and hobbies.
We aim to be able to help all our customers, however, we may be unable or refuse to proceed with an application if:
• your chosen product is no longer available and where an alternative product cannot be sourced/provided;
• there has been a pricing or product description error by the lender and where an alternative product cannot be sourced/provided;
• your required documentation cannot be verified;
• we believe that you are unlikely to be suitable for a mortgage product that we can provide;
• your application has been declined by the mortgage provider;
• the application appears to be for purposes that do not fit within the scope of our service (including as set out in these terms);
• the application appears to be for an address outside of the United Kingdom.
We'll contact you to let you know if we're able to process your application.
By engaging with our team to provide you with our services, you agree that we may act on your behalf in liaising with the mortgage provider and any other third parties involved in the application process. As an intermediary, we never own the products you buy or transact through us. All purchases will therefore be registered in the name(s) of the client(s) and we'll forward to you all documents showing ownership of your purchases, as soon as it is practicable after we receive them. In some cases, the product provider will send the documentation directly to you.
Our authority to act on your behalf in accordance with these Terms of Business can be terminated at any time by either side in writing, without prior notice and without penalty. This will be effective from the date the notification is received. However, if transactions already initiated remain outstanding, the notification will only be affected once these have been completed.
We cannot guarantee that your application will be considered or accepted by a mortgage provider and we'll have no responsibility for ensuring that the mortgage is entered into or fulfilled.
You may withdraw your mortgage application at any time before your mortgage has been entered by contacting us using the details provided above. Please note any non-refundable lender fees already paid may not be refunded if you cancel an application.
Your duty of disclosure
Any advice provided is based on your personal financial circumstances and objectives. It is important that the information you provide is both accurate and honest, and a true reflection of your circumstances. It is your responsibility to provide information in this way to a provider or organisation that provides products and services recommended for you. Failure to disclose relevant information, or change of circumstances, to a provider may result in your chosen plan or product being invalidated.
We strongly recommend that any information provided is checked thoroughly prior to submission.
Fees and Costs
Finer does not charge a fee for arranging your mortgage, but you should be aware of the possibility that other taxes or costs relating to the services that we provide for you may exist even though they are not paid through us, or imposed by us as there may be additional costs and charges relating to the mortgage product we recommend.
You will receive a mortgage illustration once we have found the right mortgage deal for you, which will list any fees the lender will charge you, as well as the amount of commission that the lender will pay to the Finer Credit.
A list of commission fees payable by the mortgage lender or protection provider is available upon request.
We do not offer a refund of mortgage fees.
We can arrange protection policies with insurers on your behalf. You do not pay us a fee for doing this. We receive a commission from the insurers which is a percentage of the total annual premium. The commission received as a result of any policies taken out will be detailed in the information you receive from the Protection Provider.
Who regulates us
Finer is a trading name of Finer Credit Ltd which is trading style of Access Financial Services who are authorised and regulated by the Financial Conduct Authority. FCA Register number 301173. You can check this on the Financial Services Register by visiting the FCA website. Our head office is 3rd Floor, 86-90 Paul Street, London, EC2A 4NE. You can contact us at this postal address, by email at firstname.lastname@example.org.
• Finer’s permitted business is advising and arranging mortgages and insurance.
• Finer is authorised and regulated by the FCA in respect of consumer credit activities. You can check this on the FCA’s Register by visiting register.fca.org.uk or by contacting the FCA on 0800 111 6768.
If the mortgage we arrange for you is a regulated mortgage contract, our advice to you, the information we disclose and any mortgage offer you receive is subject to FCA regulation and you will have the full protection of the Financial Services Act 2012 in our dealings with you. Please be aware that most business mortgages, buy-to-let mortgages, loans for timeshare purposes and non-regulated investment accounts (i.e. deposit, or current accounts) do not fall under the Financial Conduct Authority's umbrella of protection.
Addressing Financial Crime
The FCA, as part of our responsibility to ensure the integrity of the UK Financial Services, requires us to have adequate systems and controls in place to prevent the furtherance of Financial Crime.
All transactions relating to our services provided are covered by, and adhere to, the Money Laundering regulations and Proceeds of Crime Act.
Our responsibilities include, but are not limited to, verifying the identity and address of our customers. Identity verification checks may include electronic searches through the Electronic Identification Verification Service, electoral roll and use of credit reference agencies.
We'll also require proof of your income and expenditure, and the source of any deposit funds to further satisfy these requirements.
We will confirm what documentation is required in your particular case.
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 are covered for 100% of the claim up to £85,000, so the maximum compensation is £85,000.
Further information about compensation scheme arrangements is available from the Financial Services Compensation Scheme (FSCS).
Data Protection and privacy
By submitting your personal information to us you agree that: information provided by you may be held, processed, disclosed and used by us, our professional advisers, administrators and any associated companies servicing our relationship with you; any information which you give us may be disclosed to selected third parties or group companies for the purpose of administration as permitted by law.
Please note that we'll not arrange to involve a third party unless the security and confidentiality of your personal information is assured.
Internet Privacy Statement and use of our site
We'll do our best to ensure that the content of our website is accurate and up-to-date; however, we cannot guarantee that our site, or any content on it, will be free from errors or omissions.
You are responsible for configuring your information technology, computer programmes and platform in order to access our site. You should use your own virus protection software.
The content on our site is provided for general information only. It is not intended to amount to advice on which you should rely. You must obtain appropriate separate advice (whether provided by us through our mortgage services or through another person) before taking, or refraining from, any action based on the content on our site.
Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether expressed or implied, that the content on our site is accurate, complete or up to date.
If you are not happy with our service
You can contact us if you have a complaint about your Finer adviser/admin or the service you received.
Our number one priority is to provide customers with the highest level of service. However, we know that sometimes things don’t go as planned.
Customer feedback helps us understand where things have gone wrong and gives us the opportunity to put them right. It also helps us to understand where we need to improve our products and services.
If you have a complaint about your adviser or the mortgage advice you have received from your adviser/admin, please contact your Finer:
In Writing Write to Finer Credit Ltd, Complaints Department, 3rd Floor, 86-90 Paul Street, London, EC2A 4NE
Via e-mail Write to email@example.com
Via website Go to complaints link at the bottom of www.finer.credit and follow the instruction
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (FOS).
Further information on the services provided by the FOS can be found on their website financial-ombudsman.org.uk or alternatively:
In writing The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
By telephone 0800 023 4567 or 0300 123 9123
Via e-mail firstname.lastname@example.org
Read our Complaints page to find out more about your rights and what to do if you have a complaint here.
If your complaint is related to how your personal data has been processed and you are not satisfied with the response from us, you have the right to complain to the Information Commissioner’s Office (ICO) who is the regulator for data protection in the United Kingdom.
We are the owner or the licensee of, and reserve all rights to, all intellectual property rights attributable to our website and its contents. This includes copyright works and trademarks, which may or may not be registered.
If any provision of these Terms of Business is found to be invalid or unenforceable in whole or in part, the validity of the other provisions of these Terms and the remainder of the provision in question will not be affected.
These Terms supersede all proposals, prior discussions and representations (whether oral or written) between us relating to our appointment as your agent in connection with the arranging and administration of your mortgage. These Terms constitute an offer by us to act on your behalf in the arranging and administration of your mortgage. You are deemed to accept our offer to act for you on the basis of these Terms, by conduct, upon your instructing us to arrange, renew or otherwise act for you in connection with the services.
We may assign or transfer this contract to another entity. This will not affect your rights or our obligations to you under this contract.
These Terms and all our agreements provided are governed and construed in accordance with the laws of England and Wales and you agree that any dispute (including any non-contractual dispute) arising out of your agreement to use our services shall be subject to the exclusive jurisdiction of the English courts. The language in which this contract will be interpreted, and in which all communications will be conducted, will be English. The Contracts (Rights of Third Parties) Act 1999 will not apply to these Terms of Business.
These documents contain important information about our services, and you should read them carefully. If you do not understand anything, please email email@example.com .
We may change these Terms and our site at any time, so please check this page from time to time.
If you are a registered user, we'll provide you with reasonable notice of any major changes, and you'll always be able to request copies of our historic terms.