33 The Old Wharf
Oreston
Plymouth
PL9 7NP
Save On Limited
about our services
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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
1. Whose ‘Buy to Let’ mortgages do we offer?
‘Buy to Let’ mortgages
We offer a comprehensive range of buy-to-let mortgages from across the market
We offer buy-to-let mortgage arrangements from a range of lenders to meet your needs. Please refer to the
attached list of lenders whose ‘Buy to Let’ products we offer.
2. Which service will we provide you with?
‘Buy to Let’ mortgages
We will advise and make a recommendation for you after we have assessed your needs.
You will not receive advice or a recommendation from us.
Please note that our ’Buy to Let’ service is restricted to helping you arrange a suitable mortgage. We will not
advise you about whether or not the property you plan to buy and let out to tenants, will turn out to be a sound
investment.
3. Regulatory Position
In most cases, advising on and arranging buy-to-let mortgages is not regulated by the Financial Conduct
Authority.
You have indicated that neither yourself nor a close relative intend to occupy the property being mortgaged,
either now or in the future. If this is not the case please advise us immediately as the mortgage is likely to be
regulated by the Financial Conduct Authority and we will need to provide you with a different initial disclosure
document regarding our mortgage services.
Following our initial discussions regarding your circumstance we have identified that:-
You are looking to arrange a buy-to-let mortgage in respect of a property you have previously resided in, and
that you do not own any other rental properties. We will therefore treat you as a Consumer Buy-to-Let
mortgage (CBTL) customer.
A consumer buy-to-let mortgage is defined as a buy-to-let mortgage which is not entered into ‘by way of
business’
A buy-to-let mortgage will usually be treated as a consumer buy-to-let mortgage if you (or a close relative)
have, at any point, lived in the property (unless you already own other rental properties).
Buy-to-let mortgages are not regulated by the Financial Conduct Authority (FCA); however, there are some
additional protections for consumer buy-to-let mortgages customers.
We are supervised by the Financial Conduct Authority (FCA) in respect of any Consumer Buy-to-Let
mortgage activities we conduct and are required to comply with the conduct of business requirements set out
in the Mortgage Credit Directive Order [2015]. Our FCA consumer Buy-to-Let registration number is 301774.
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.
Please note that we offer advisory services in respect of consumer buy-to-let mortgages.
You are looking to arrange a buy-to-let mortgage in respect of either;
• A new property being purchased for the sole purpose of being let , or
• An existing property that neither yourself (or a close relative) have previously resided in, or
• An existing property which either yourself (or a close relative) have previously resided, but you own another
property which let subject to rental agreement and/or on which there is an existing buy-to-let mortgage
In these circumstances you will deemed to be taking out a buy-to-let mortgage ‘by way of business’
Buy-to-let mortgages entered into by way of business are not regulated by the Financial Conduct Authority
(FCA)
4. What will you have to pay us for this service?
You will pay for our services on the bases of:
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 lending illustration when considering a particular mortgage, which will tell you about any
fees relating to that mortgage.
6. What to do if you have a complaint
If you wish to register a complaint, please contact us:
… in writing: Mark Lenthall, Director, 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.
7. Are we covered by the Financial Services Compensation Scheme?
Our ’Buy-to-Let’ mortgage services are not covered by the Financial Services Compensation Scheme, except
if they are regulated by the Financial Conduct Authority (as explained in Section 3 of this document).
Information about our buy-to-let mortgage services