ID : 39618
We are pleased to bring to market this directly authorised independent mortgage brokers business directly authorised with the FCA. It hold agencies with major lenders and insurers.
There are no restrictions on the geographical location of their customers. The firm does engage in Regulated Mortgage Business, Commercial Mortgages, Bridging Finance Life and Non Investment Insurance and Debt Counselling
Mortgages offered broadly fall into 3 categories; – new home purchase or remortgaging for house moves – those remortgaging due to credit issues – buy to let mortgages – product transfers for existing clients Other income comes from the sale of life and other insurance products.
The business would be an ideal buy for:- A larger firm interested in geographic expansion- A local firm looking to grow market share- A qualified advisor looking to strike out on their own
With a strong local presence, excellent levels of repeat business and an opportunity to improve cross sales of insurance products this business provides a solid base for any buyer.
The Firm has the following Permissions with the FCA
Client Money
This firm cannot hold client money. It may be able to control client money if it has the necessary requirements.
Requirements
Requirements are rules placed on the firm that apply to all of the financial services activities that it can operate.
This firm has no requirements
Advising on investments (except on Pension Transfers and Pension Opt Outs)
Customer Type
Commercial
Retail (Non-Investment Insurance)
Investment Type
Non-investment insurance contracts
Advising on regulated mortgage contracts
Customer Type
Customer
Investment Type
Regulated mortgage contract
Agreeing to carry on a regulated activity
Limitation
Limited to carry on regulated activities.
Arranging (bringing about) deals in investments
Customer Type
Commercial
Retail (Non-Investment Insurance)
Investment Type
Non-investment insurance contracts
Arranging (bringing about) regulated mortgage contracts
Customer Type
Customer
Investment Type
Regulated mortgage contract
Assisting in the administration and performance of a contract of insurance
Customer Type
Commercial
Retail (Non-Investment Insurance)
Investment Type
Non-investment insurance contracts
Credit Broking
Dealing in investments as agent
Customer Type
Commercial
Retail (Non-Investment Insurance)
Investment Type
Non-investment insurance contracts
Debt Adjusting
Limitation
Limited to adjusting-no debt management plans
Debt-counselling
Limitation
Limited to counselling-no debt management plans
Making arrangements with a view to regulated mortgage contracts
Customer Type
Customer
Investment Type
Regulated mortgage contract
Making arrangements with a view to transactions in investments
Customer Type
Commercial
Retail (Non-Investment Insurance)
Investment Type
Non-investment insurance contracts
The firm has £5,000 prudential requirements and this is in addition to the purchase price
