Mortgage Advice Shop Ltd ~ Terms of Business

KEY FACTS ABOUT OUR SERVICES


The Mortgage Advice Shop Ltd
Suite 101 Temple House

221-225 Station Road

Harrow

Middx

HA1 2TH

1. The Financial Services Authority (FSA)

The FSA is the independent watchdog that regulates financial services. It requires us to
give you this document. Use this information to decide if our services are right for you.

2. Whose products do we offer?

Insurance

We only offer products from a limited number of insurers for Life Cover, Critical
Illness and Income Protection:-

Household Insurance

We offer products from a range of Insurers.

Mortgages

We offer mortgages from the whole market.

3. Which service will we provide you with?

Insurance

We will advise and make a recommendation for you after we have assessed your
needs for Life Cover, Critical illness, Income Protection, Mortgage Payment
Protection and Buildings/Contents Insurance.

Mortgages

We will advise and make a recommendation for you after we have assessed your
needs.

4. What will you have to pay us for our services?

Insurance

No Fee.

Mortgages

Option 1. No fee charged - We will be paid commission from the lender after
completion.
Option 2. A fee of 0.5% of the mortgage advance paid on application. For example
the fee charged on a £100,000 advance would be £500. We will then pay you the fee commission we receive from the Lender.

You will receive a key facts illustration when considering a particular mortgage which will tell you about any fees relating to it.

5. Refund of fees

If we charge you a fee, and your mortgage does not go ahead, you will receive:

A full refund if the company (lender) rejects your application.

6. Who regulates us?

The Mortgage Advice Shop Ltd, Suite 101, Temple House,221-225 Station Road, Harrow, Middx, HA1 2TH is authorised and regulated by the Financial Services Authority. Our FSA Register number is 468411.
Our permitted business is advising on and arranging mortgages and non-investment insurance business.
You can check this on the FSA's Register by visiting the FSA's website
www.fsa.gov.uk/register/ or by contacting the FSA on 0845 606 1234.

7. What to do if you have a complaint

If you wish to register a complaint, please contact us:
...in writing to: The Mortgage Advice Shop Ltd, Complaints Department, Suite 101, Temple House,221-225 Station Road, Harrow, Middx, HA1 2TH
...by phone : 0208 8618334
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial
Ombudsman Service.

8. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Insurance

Insurance advising and arranging is covered for 100% of the first £2000 and 90% of the
remainder of the claim, without upper limit.

Mortgages

Mortgage advising and arranging is covered for 100% of the first £30,000 and 90% of the next £20,000 so the maximum compensation is £48,000.


Further information about compensation scheme arrangements is available from the
FSCS.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.