LCM Brokering is an Appointed Representative of Connect IFA Ltd who are mortgage and insurance advisers authorised and regulated by the FCA (Financial Conduct Authority), registration number 441505. You can check this and our own company’s details on the FCA’s website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768.
The FCA is the independent watchdog that regulates financial services. Use this disclosure document to decide if our services are right for you. It explains the service we offer and how you will pay for it. Our service and permitted business includes advising and arranging mortgages and insurance products as stated below:
Mortgages
We are not limited in the range of mortgages we will consider for you in relation to regulated 1st charge and 2nd charge loans that are being raised for personal purposes or regulated loans that are being raised for business purposes.
We will consider remortgages, further advances, 2nd charge loans and unsecured loans options for you if you wish to increase your borrowing on an existing property.
We offer a comprehensive range of mortgages from Lenders across the market, but not deals that you can only obtain by going direct to a Lender.
We can arrange other finance such as Business Buy to Let Mortgages, Commercial and Development Finance, Bridging Finance and International Mortgages.
In addition to any fees we charge, we may receive commission from the lender. The amount of commission we receive will be disclosed to you on your illustration for all regulated mortgage contracts.
We offer advice on the regulated products we recommend. In some circumstances, we may refer you to another party to provide the advice and recommendation where it is appropriate to do so.
Initial evaluation stage: No charge
We will consider your financial circumstances and requirements then provide you with information, on the most competitive lender and product options suited to you for your property finance;
We will provide you with an Illustration or ESIS document (European Standardised Information Sheet) to outline in writing all the features and costs associated with any mortgage or loan we recommend;
We will arrange an initial decision in principle with the recommended lender. This means the lender confirms they are willing to lend subject to receipt of a satisfactory valuation and all supporting application documentation;
If required, we will make a recommendation to you for a solicitors’ firm to facilitate the legal work required for your property purchase.
Booking Fee: £299
We will start the process of completing the application form and collating it with any other documentation required by the lender and then submit to this to them on your behalf;
We will communicate to you in a timely fashion any other supporting information the lender requires in conjunction with your application;
We will check documentation you supply is consistent with the expectations and requirements of the lender;
We will ensure the lender application is monitored and progressing, for example checking that valuations are instructed and lenders are working within their published service timescales;
We will update you fully on the progress of the application until the lender issues the formal loan offer.
Mortgage Offer stage: No charge
We will check the loan offer to ensure it is correct.
We will assist you if required with meeting any offer conditions such as arranging property insurance;
We will liaise with your legal representative to ensure they have received a copy of the offer and assist them where needed;
We will liaise with the lender if any offer amendments are needed, for example if there is a change to the purchase price or mortgage amount required;
We will continue to monitor and assist with your application until your purchase or refinance is successfully completed.
Broker Fee Mortgage Completion stage: £399
Following our case management team liaising with the lender, solicitor, surveyor and client, and successfully progressing the mortgage to completion.
