Terms of Business
1. Introduction
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.
You should read this document alongside our Privacy Policy.
2. Who we are
Dragon
Mortgages Ltd (747417) t/as Dragon Finance is an appointed
representative of Dragon Brokers Ltd (599430) which is authorised and
regulated by the Financial Conduct Authority. Registered ofce:
Stafford Court, 145 Washway Road, Sale, Greater Manchester, M33 7PE.
Registered in England.
3. Our services
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.
4. Our fees
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.
5. Monitoring service
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.
6. Intermediary service
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 the 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.
7. Mortgage application
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 for a mortgage with 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.
8. Ancillary products
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.
9. 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.
10. Data protection
We will hold the personal information provided by you securely and in confidence.
Please
ensure you read our Privacy Policy so that you are aware of how we
process your data. This will offer more detail on how we collect, use
and retain your data.
11. Finance crime
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.
12. 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 refers to your personal data and how this is processed,
you can find more information about your rights in our Privacy Policy.
If
your complaint cannot be resolved straight away, 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 Mortgages Ltd's final response letter.
Website:
www.financial-ombudsman.org.ukPost: Financial Ombudsman Service, Exchange Tower, London, E14 9SR
13. Intellectual property
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.