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

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