How does Shawbrook choose and vet their second charge mortgage brokers?
All our second charge mortgages are arranged through independent brokers.
We only work with brokers who:
- Have full Financial Conduct Authority (FCA) permission for advising, arranging and bringing about regulated mortgage activities, credit broking debt counselling, debt adjusting, consumer BTL advising and arranging. (Please note the brokers permissions are determined by the business they write and as such not all brokers will have the same) and are active on the Data Protection register
- Satisfy our strict broker requirements (we check that the brokers we use are financially sound, and we check their references)