Terms & Conditions
This document outlines the services we provide. It’s an important document, so please make sure you read it carefully. If you have any questions, please feel free to contact us. Last updated on 01/04/2021.
Who We Are
A & A Mortgages (FCA number 950425) is an Appointed Representative of Dragon Brokers Limited, registered in England under company number 08483574. Registered office: Registered Office: 2 Acorn Grove, Kingswood, Tadworth, Surrey, KT20 6QT
We are a mortgage intermediary service and have access to a comprehensive range of mortgage products. Our service is only available to UK residents with properties registered in the UK. As part of our service we will take time to understand your requirements and explain all parts of the mortgage journey to you.
If you wish to see a full list of the lenders we use, please contact your adviser.
We may charge a broker fee for the service that we provide but this will depend on individual circumstances and the product recommended.
We will tell you how much the total fee will be in good time before you apply for a mortgage, but you may ask for this information earlier.
This fee is non-refundable and only payable upon completion. It can be paid from your own funds or added to the borrowing amount. If added to the borrowing amount, it will accrue interest at the same rate as your mortgage over the term.
If you choose to pay the fee from your own funds, you will be required to pay this to us within 1 business day of the completion date.
If you are completing a remortgage application, your conveyancer will transfer any surplus funds into your bank account on the day of completion, including our fee. You will be required to pay this to us within 1 business day. Please request our Tariff of Charges for more information. Additional charges may apply if you miss this deadline.
The lender recommended may also pay us a commission for the service that we provide. This will be disclosed to you before completion of your mortgage.
You will receive a key facts illustration when considering a particular mortgage which will detail any fees relating to it.
We will keep in regular contact and email you periodically to keep you updated on your mortgage deal. You will automatically benefit from this service on completion of your mortgage application. If you wish to stop this service, contact us. We may retain certain data required based on our regulatory requirements.
We will provide mortgage advice based on your personal information and circumstances; we do not provide execution-only services. Once we have established which mortgage is most suitable for you, we will make a recommendation based on your preferences and circumstances. It is your responsibility to ensure the information you provide is factual and accurate. We may need to see evidence to support your application with the lender.
We will provide you with a mortgage illustration based on our research. Please take time to read and understand this document.
It is important to note that if we recommend a buy-to-let mortgage for you, not all buy-to-let mortgages are regulated by the FCA.
There are various stages to the mortgage application process when using our intermediary service. We will keep in regular contact with you throughout the process and if we are unable to assist, we will contact you at the earliest possible opportunity to inform you.
- We may refuse to proceed with an application for the following reasons:
- The information provided is not factual, inaccurate or misleading.
- We believe that the available products are not suitable to your circumstances.
- We have reason to believe that you have made a high volume of applications and/or repeatedly apply then withdraw.
- You fail our know your customer (KYC) and anti-money laundering (AML) due diligence process.
If you are applying a mortgage in respect to a property you wish to purchase, it is your responsibility to provide all necessary information including the solicitor, estate agent and/or conveyancer.
We may also require proof of deposit to further satisfy our requirements.
We may offer you alternative services including life, critical illness, income protection, accident / sickness and unemployment insurance. We may also offer buildings and contents insurance to you if required.
Collecting Your Data
In order to advise you on the best mortgage for your circumstances, we are required to complete a fact find. We may also require documentation to support your application such as: passport, driving licence, bank statements, payslips, tax overviews or accounts.
We will hold the personal information provided by you securely and in confidence.
Who Do We Share Your Personal Data With And Why?
We may use certain trusted third party companies and individuals to help us provide, analyse, and improve our services (including but not limited to Appointed Representatives of Dragon Brokers Limited, Buyer/Professional verification, data storage, maintenance services, database management, web analytics, payment processing, and improvement of our services). These third parties will process your personal data on our behalf (as our processor). We will disclose your personal data to these parties so that they can perform those necessary functions.
We may also share your information with third parties, who then use your personal data for their own purposes. For example, to process payments from you or where you choose to access our services through such an application. These organisations will also use your personal data for their own, separate purposes (also as a “controller”) – they will have their own privacy notices which you should read, and they have their own responsibilities to comply with applicable data protection laws.
In certain circumstances, we will also disclose your personal data to:
- consultants and professional advisors including legal advisors, auditors and accountants;
- courts, court-appointed persons/entities, receivers and liquidators;
- third parties where necessary to comply with a legal obligation, to enforce a contract or to protect the rights, property or safety of our employees, customers or others; and
- to governmental departments, local government, statutory and regulatory bodies including (in the UK) the Financial Conduct Authority, Information Commissioner’s Office, the police and Her Majesty’s Revenue and Customs.
We are committed to ensuring there is integrity within the UK mortgage market.
All transactions relating to our services adhere to the Money Laundering Regulations and Proceeds of Crime Act.
We are required by the FCA to have adequate systems and controls in place to prevent the furtherance of Financial Crime.
Our Complaints Process
Our priority is to offer the highest level of service to our customers. Your feedback is important to us and helps us understand where we can improve. If there is a problem, please let us know and we’ll do everything we can to resolve it straight away.
If your complaint cannot be resolved straightaway, we will acknowledge receipt in writing, confirming our understanding of your complaint, the complaint handler and giving you the opportunity to provide further information or documents.
If you are dissatisfied with our response, you can contact the Financial Ombudsman Service. They are a free and independent service. You must do so within six months of the date of Dragon Brokers Ltd final response letter.
Post: Financial Ombudsman Service, Exchange Tower, London, E14 9SR
We are the owner and reserve all rights to all intellectual property rights attributable to our site and its contents. This includes copyright works and trademarks.
The content on our website is provided for information only.