Personal Finance & Money Asked by R.Joshi on August 28, 2021
My partner and I are currently on the market looking for our first home to buy. When contacting a estate agent for a potential house they referred me to a Mortgage adviser.
When searching for details of this mortgage adviser, I found the firm has several positive reviews on google. However, I am not able to find the name of the adviser on FCA registry.
Is this a red flag? (It may be possible I am not the search right)
What other checks can I perform to make sure the adviser is “suitable”?
Additional Information
The adviser informed me on the phone that they have a fixed fee of £500 and they also get commission from the lender. I think this is fairly normal for UK but I am not sure.
While the firm is registered on the FCA register in all instances, the only individuals listed are those that hold a management function at the firm. they will typically be CF1 status (confirming that they are a director of the company with a control function), as well as details for compliance functions and complaints handling. If the advisor you are dealing with is purely that (an advisor at the firm) then their name will not show on the register.
Answered by MortgageExperts on August 28, 2021
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