Regulation & Protecting the Consumer

Rainbow fully support the Financial Services Authority and endorse the work that they are doing.

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This form will allow a mortgage specialist to find you the best quotes from their product range, with good or poor credit.

It will take less than a minute to complete

Mortgage details

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Select the type of loan you require, if unsure select other
Enter the amount you wish to borrow e.g. 100,000
Enter the value of your property e.g. 150,000
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Property details

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Your current home address
How long have you lived at this address
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Your details

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Your full name e.g. Mr John Smith
Your date of birth
Your home telephone number e.g. 01234 567890
Your work telephone number e.g. 01234 567890
Your mobile phone number e.g. 07710 567890
Your email address e.g. test@example.com
Do you have any County Court Judgements?
Do you have any Individual Voluntary Arrangements?
Have you ever missed payments?
Have you ever declared bankruptcy?

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Access to the UK's Leading lenders 

On October 31 2004, the mortgage business became a regulated industry. The organisation given the responsibility to authorise and regulate mortgage intermediaries is the Financial Services Authority (FSA), and their powers are supported by legislation (Financial Services & Markets Act ).

So, what does this mean to you, the consumer?

The FSA's objective is to rid the industry of rogue players who tarnish the mortgage industry's reputation. In doing so, they aim to reduce financial crime and improve consumer confidence and understanding of the mortgage market.

How will they do this, I hear you ask?

First of all, individuals and firms intending to give mortgage advice will need to be authorised by the FSA. The authorisation process can take up to 6 months and involves certain criteria being satisfied. For example:

  • The business needs to be run by persons deemed to be fit and proper.
  • Procedures prescribed by the FSA need to be observed, ie on handling complaints.
  • Specific rules exist on offering independent advice and fee charging.
  • Staff providing advice need to be suitably trained, qualified, and supervised.
  • Prescribed documentation needs to be produced and provided to the consumer so that all costs and charges are fully transparent.