INSURANCE
We offer products from a range of insurers for a range of non-investment insurance products.
Ask us for a list of products we offer.
MORTGAGES
We offer products in the following ‘relevant market’:
Regulated mortgage contracts that are used for a non-business purpose.
We
offer
a
comprehensive
range
of
first
charge
mortgages
(but
not
deals
you
can
only
obtain
by
going
direct
to a lender). Please refer to the attached document for a full list of the lenders whose mortgages we offer.
We do not offer advice on second charge mortgages but we can refer you to a broker if you wish
Please
note
that,
where
you
are
increasing
your
mortgage
borrowing
although
we
do
not
(or
are
unable
to)
advise on the following finance options these may be available to you and be more appropriate:-
A second charge mortgage
An unsecured loan
33 The Old Wharf
Oreston
Plymouth
PL9 7NP
Save On Limited
about our services
You should use the information provided within this document to decide if our services are right for you.
INSURANCE
We will advise and make a recommendation for you after we have assessed your needs for all non-
investment insurance products.
We do not provide any advice on Buildings and Contents Insurance.
MORTGAGES
We offer an ‘advised’ sales service
This means we will provide advice and make a recommendation for you after we have assessed your
specific needs and circumstances.
INSURANCE
You will pay for our services on the basis of:
No
fee
for
advising
on
non-investment
insurance
contracts
/
arranging
a
non-investment
insurance
contract.
We will be paid by commission from the insurer.
You
will
receive
a
quotation
which
will
tell
you
about
any
other
fees
relating
to
any
particular
insurance
policy.
MORTGAGES
You will pay for our services on the basis of:
Advised sales
No fee. We will be paid by commission from the lender.
The
exact
amount
of
commission
we
will
receive
is
not
known
to
us
at
this
stage.
We
will
confirm
the
actual
amount to you as part of the lending illustration we are required to obtain from the lender.
You
will
receive
a
key
facts
illustration
/
ESIS
when
considering
a
particular
mortgage,
which
will
tell
you
about any fees relating to that mortgage.
You also have the right to request an illustration / ESIS for any mortgage we offer.
We are authorised and regulated by the Financial Conduct Authority (FCA). Our Financial Services Register
number is 301774.
Our permitted business is:
Advising on non-investment insurance and regulated mortgage contracts;
Arranging (bringing about) non-investment insurance and regulated mortgage contacts; and
Making arrangements with a view to non-investment insurance and regulated mortgage contracts.
You can check this on the Financial Services Register by visiting the FCA’s website:
http://www.fca.gov.uk/register/home.do or by contacting the FCA on 0800 111 6768 (Freephone) from 8am
and 6pm, Monday to Friday (except public holidays) and 9am to 1pm, Saturdays.
If you wish to register a complaint, please contact us:
… in writing Mark Lenthall, Save On Mortgages, 33 The Old Wharf, Oreston, Plymouth, PL9 7NP
... by e-mail info@save-on-mortgages.co.uk
… by phone Telephone 01752 408040
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman
Service.
We
are
covered
by
the
FSCS.
You
may
be
entitled
to
compensation
from
the
scheme
if
we
cannot
meet
our obligations. This will depend on the type of business and the circumstances of the claim.
INSURANCE
Long term insurance benefits (e.g. Life Assurance)
The
maximum
level
of
compensation
for
claims
against
firms
declared
in
default
is
100%
of
the
claim
with
no upper limit.
General Insurance
General insurance advice and arranging is covered for 90% of the claim with no upper limit.
Protection
is
at
100%
where
claims
arise
in
respect
of
compulsory
insurance
(e.g.
employer’s
liability
insurance),
professional
indemnity
insurance
and
certain
claims
for
injury,
sickness
or
infirmity
of
the
policyholder.
Protection is at 90% where claims arise under other types of policy with no upper limit.
MORTGAGES
Mortgage advising and arranging is covered up to a maximum limit of £50,000.
Further information about compensation scheme arrangements is available from the FSCS.
This
document
confirms
the
services
offered
by
Save
On
Mortgages
and
our
charges
for
those
services
and forms the basis upon which our recommendations will be made.
For
your
own
benefit
and
protection
you
should
read
this
document
carefully.
If
you
do
not
understand
any
point, please ask for further information.
All quotes are free and you are under no obligation to proceed further
Whatever we do for you, we will not charge YOU a fee for our services !
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Authorised and regulated by the Financial Conduct Authority, Save On Limited
Whose products do we offer ?
Are we covered by the Financial Services Compensation Scheme (FSCS) ?
What to do if you have a complaint
Who regulates us ?
What will you have to pay us for our services ?
Which service(s) will we provide you with ?
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