Terms of Business & Data Protection Statement

Wembley Mortgage Centre: Mortgage & Insurance Services & Costs

Authorisation Statement

Wembley Mortgage Centre is Authorised and Regulated by the Financial Conduct Authority (FCA). The FCA regulates financial services in the UK and you can check our authorisation and permitted activities on the Financial Services Register by visiting the FCA’s website:

www.fca.org.uk/firms/systems-reporting/register or by contacting the FCA on 0800 111 6768.

Our Financial Services Register number is 781906.

Our Services:

We offer products and services as follows:

Products:

  • Mortgages - We offer a comprehensive range of mortgages from the Whole of the
  • Market.
  • Non-investment protection contracts - we offer Term Assurance, Income Protection and
  • Critical Illness from a range of insurers .
  • General Insurance Contracts - we offer buildings & contents insurance, private medical
  • insurance, accident, sickness & unemployment (ASU) from a range of insurers.
  • Services:
  • Mortgages – We will provide you with advice and arrange the mortgage product on your behalf after an assessment of your personal circumstances and requirements. This will be included a detailed assessment of affordability.
  • Non-investment protection contracts - We will provide you with advice and arrange the contract on your behalf after assessment of your personal circumstances and needs.
  • General insurance contracts – we will provide you with advice and arrange the contract on your behalf after we have assessed your demands and needs for a particular type of insurance.
  • Wembley Mortgage Centre,
    11a Empire Parade, Empire Way, Wembley, Middlesex, HA9 0RQ

Broker Fee Costings:

Our Broker Fee Structure is contained within your Broker Fee Agreement Letter that has been provided to you.

Non-Investment Protection and General Insurance Contracts (Commonly known as Life Insurance)

We do not charge a fee for advising and arranging Life Insurance as we will normally receive commission from the policy provider, after the policy is placed on risk.

Our Ethical Policy

We are committed to providing the highest standard of financial advice and service possible. The interest of our clients is paramount to us and to achieve this we have designed our systems and procedures to place you at the heart of our business. In doing so, we will:

  • be open, honest and transparent in the way we deal with you
  • not place our interests above yours
  • communicate clearly, promptly and without jargon
  • Seek your views and perception of our dealings with you to ensure it meets your expectations
  • or to identify any improvements required.

Cancellation rights

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 we will provide you with specific details should this apply to include: its duration; conditions, practical instructions and any costs for exercising it, together with the consequences of not exercising it.

Instructions

We prefer our clients to give us instructions in writing, to aid clarification and avoid future misunderstandings. We will, however, accept oral instructions provided they are confirmed in writing.

Complaints

If you wish to register a complaint, please write to: Mr Patrick Brown, Wembley Mortgage Centre, 11A Empire Parade, Empire Way, Wembley, Middlesex, HA9 0RQ

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

Compensation Scheme

We are covered by the Financial Services Compensation scheme (FSCS) if we cannot meet our obligations. Most types of Mortgage business are covered for 100% of £50,000. Whereas Protection and Insurance business is covered for 90% of the claim, without any upper limit. Further information about this compensation scheme arrangement is available from the FSCS.

Data Protection

The information you have provided is subject to the Data Protection Act 1998 (the “Act”). By signing this document you consent to us or any company associated with us for processing, both manually and by electronic means, your personal data for the purposes of providing advice, administration and management.

“Processing” includes obtaining, recording or holding information or data, transferring it to other companies associated with us, product providers, the FCA or any other statutory, governmental or regulatory body for legitimate purposes including, where relevant, to solicitors and/or other debt collection agencies for debt collection purposes and carrying out operations on the information or data.

In order to provide services to you we may be required to pass your personal information to parties located outside of the European Economic Area (EEA) in countries that do not have Data Protection Laws equivalent to those in the UK. Where this is the case we will take reasonable steps to ensure the privacy of your information.

We may also contact you or pass your details to other companies associated with us to contact you (including by telephone) with details of any other similar products, promotions, or for related marketing purposes in which we think you may be interested.

The information provided may also contain sensitive personal data for the purposes of the Act, being information as to your physical or mental health or condition; the committing or alleged committing of any offence by you; any proceedings for an offence committed or alleged to have been committed by you, including the outcome or sentence in such proceedings; your political opinions; religious or similar beliefs; sexual life; or your membership of a Trade Union.

You may be assured that we and any company associated with us will treat all personal data and sensitive personal data as confidential and will not process it other than for a legitimate purpose. Steps will be taken to ensure that the information is accurate, kept up to date and not kept for longer than is necessary. Measures will also be taken to safeguard against unauthorised or unlawful processing and accidental loss or destruction or damage to the data.

Subject to certain exceptions, you are entitled to have access to your personal and sensitive personal data held by us. You may be charged a fee (subject to the statutory maximum) for supplying you with such data.

Anti-money laundering

We may be required to verify the identity of our clients, to obtain information as to the purpose and nature of the business which we conduct on their behalf, and to ensure that the information we hold is up-to-date. For this purpose we may use electronic identity verification systems and we may conduct these checks from time to time throughout our relationship, not just at the beginning.

Law

This client agreement is governed and shall be construed in accordance with English Law and the parties shall submit to the exclusive jurisdiction of the English Courts.

Termination

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, but 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.