French Mortgage Brokers and Regulations
Mortgage Brokers in the domestic United Kingdom market have been regulated since October 2004 by the Financial Services Authority (FSA).
The FSA’s overriding principle is that mortgage information should be clear, fair and not misleading.
It also places brokers under an obligation to find the most suitable product for their client and to demonstrate that they have sufficient background knowledge of the client and of the market to give professional guidance.
No such regulation exists for French mortgage brokers and many act under neither regulatory nor ethical constraints. Products and pricing advertised may not be deliverable as stated.
Best French Mortgage has always followed a voluntary code of practice which assumes the same ethical constraints and good business practice as if we were regulated by the FSA.
We do not “headline” specific pricing because rates change on a daily basis. We do not offer quotations without background information. We have contacts throughout the market.
We give sound and honest advice and discourage clients who may be over-extending. We charge no fee and are paid only for successful dossiers by the lenders themselves.
Click here to apply for one of our 90% French Mortgages.