Estate Agent – Regulation

Albani Limited 

• IMPORTANT POINT: Authorised and Regulated by the Financial Conduct Authority  |  Reference No: 457682
• Permission for Arranging (bringing about) regulated mortgage contracts

Estate Agents

• Estate Agents are not regulated by the FCA for CHAIN FREE®, CHAIN MENDER® or VAL FREE®
• Estate Agents only require a Credit Brokerage License for VAL FREE®
• IMPORTANT POINT: Estate Agents do not advise ONLY submit home owners Application

CHAIN FREE® and CHAIN MENDER®

• Are outside the definition of regulated activities involving arranging (See: PERG 4.5.11G)
  • Regulated loans are those on a property the “home owner” is living in or going to live in.
  • When the home owner takes our finance (CHAIN FREE® Fall Back Price® or CHAIN MENDER® Provisional Price™) their house must be contemporaneously empty and vacant.
• Are exempt for the purposes of the Consumer Credit Act (CCA); exemption introduced on 1st October 2008
• The Home Owners Plan™ is not a Collective Investment Scheme (FCA confirmation)

VAL FREE® 

• Is a regulated mortgage contract

Useful links

• Resource
• Application
• Your Fees
• Regulation
• Other Schemes
• CHAIN FREE® Questions
• CHAIN MENDER® Questions
• VAL FREE® Questions
• CHAIN FREE® Customer Proposition
• CHAIN MENDER® Customer Proposition
• VAL VREE® Customer Proposition