A CAT
Standard mortgage is a mortgage product that meets certain
government defined standards relating to 'C'harges, 'A'ccess and
'T'erms (CAT).
According
to the Treasury, the objective of CAT standards is to 'prevent confusing
marketing and hidden charges'. The Governments aim was to set out
basic and transparent conditions for mortgage products, so the 'average'
person can easily understand all the terms and charges associated
with their mortgage. Some basic features of CAT Standard Mortgages are
that :-
- They must not
charge a Higher Lending Fee, which some lenders charge on high
Loan To Value mortgage loans.
- Interest must
be calculated on a daily basis.
- The arrangement
fee must not exceed £150.
We
Believe the Best Advice is Independent Advice
The
aim of this service is to introduce UK homebuyers to Independent
Advice on mortgages. With such a large number of mortgages available,
it is important to obtain Independent advice from a qualified adviser
who will work for you, not for any one lender. Your adviser will
be able to provide you with a "Mortgage Agreement In Principle"
- in as little as 24 hours!
Mortgage.gb (UK) introduces to the Park Row group of companies
and other strategic (independent) advice partners. The Park Row group
includes Park Row Associates Limited, an Independent Financial Adviser
who are authorised and regulated by the Financial Services Authority
and Park Row Associates Ltd who are registered with
the Mortgage Code Compliance Board.
Our
other strategic partners have been selected to compliment our association
with Park Row. It will be clear to you which of our partners will
deal with your request at the earliest possible stage
The aim of this service is to introduce people like yourself to an independent mortgage adviser, who can either advise and recommend a specific mortgage deal for you (based on your needs / circumstances) or can offer detailed information on suitable products to help you select the most appropriate mortgage deal available to meet your needs.
The
key to our service is independence. The adviser that you will be introduced to will be fully independent, and as such will review the whole UK mortgage
market to give you the best advice and access to some exclusive deals.
You are under no obligation to proceed.
You
will be instantly notified by e-mail of any additional information
required, using an easy to complete mortgage questionnaire form.
All information will be contained on a secure server, and will remain
confidential between you and your adviser.
We like people to remain in control, so the preferred methods of contact are both phone and e-mail. It can be arranged that an adviser can come to see you in person at your request, but find that most clients prefer to work remotely.
Once
the adviser has obtained the information they require to find you
the most appropriate deal, he / she will source from the entire UK
market using in-house regularly updated mortgage sourcing software.
He / she can e-mail or post recommended product illustrations for
you to look over (or may be available to provide a face-to-face advice
appointment with you).
We
believe the Best Advice is 'Independent' Advice!
Your
home may be repossessed if you do not keep up repayments on your mortgage.
"A
fee may be payable for mortgage advice, depending on your circumstances,
of up to 1% of the loan amount."
