Non-Regulated Disclosure

Overview

At Burghley Financial Services Limited (“we’, “us”, ‘our”), we prioritise clarity and transparency in our business practices. This Disclosure Policy outlines our services, specifically pertaining to non-regulated mortgages property funding, and how they distinguish from regulated mortgages.

Definition of Non-Regulated Mortgages

Non-regulated mortgages and property finance involve arrangements where the Borrower is not classified as a consumer. These loans do not enjoy the same level of regulatory protection as regulated mortgages. Key characteristics include:

  • Purpose of Loan: Typically issued for investment Buy-to-Let properties or Commercial purposes.

  • Lending Criteria: The assessment of creditworthiness for non-regulated lending may differ from that applied to regulated lending, in that non-regulated lending assessments often place greater emphasis on property investment viability rather than personal finances of the Borrower.

  • Consumer Protection: Borrowers of non-regulated mortgages and finance do not benefit from certain consumer protections outlined in the Financial Services and Markets Act 2000.

Differences Between Regulated and Non-Regulated Mortgages

  1. Regulatory Framework: Regulated mortgages are protected under specific legislation, providing Borrowers with rights to advice and redress, whereas non-regulated mortgages are subject to less stringent regulations, providing limited consumer rights.

  2. Eligibility Criteria: Regulated mortgages require thorough affordability assessments focusing on the Borrower’s financial situation, whereas non-regulated mortgages may allow for a more flexible approach in the assessment, generally focusing more on the suitability of the property for investment purposes, and its potential rental income rather than personal income of the Borrower.

  3. Types of Borrowers: Regulated mortgages are available to individual consumers or home buyers, whereas non-regulated mortgages are primarily geared towards landlords and property investors.

Our Services

Burghley Financial Services exclusively provides advice and services related to non-regulated mortgages and property funding solutions. Non-regulated mortgages are loan products that are not governed by the same regulatory framework as regulated mortgages, meaning they typically involve borrowing for Buy-to-Let properties, or investment properties.

This means we specialise in assisting with specific types of financing needs, including but not limited to:

  • Buy-to-Let Mortgages

  • Holiday Let Mortgages

  • Bridging Finance

  • Commercial Mortgages

  • Development Finance

Because some of these types of transactions fall outside the scope of regulation by the Financial Conduct Authority (FCA), the protections that apply to regulated mortgage advice do not apply in these circumstances. This means, for example, that your transaction will not be subject to certain rules designed to protect consumers, such as those requiring affordability assessments for residential mortgages.

Transparency and Client Awareness

Burghley Financial Services is committed to ensuring that clients fully understand the nature of non-regulated mortgages. We provide comprehensive information and guidance to assist clients in making informed decisions. Our team is available to address any queries related to the differences, specifics, and implications of non-regulated versus regulated mortgage options.

Client Understanding Confirmation

It is crucial that you fully understand and are comfortable with the distinction between regulated and non-regulated lending. Burghley Financial Services provides intermediary services exclusively for non-regulated transactions, such as the ones noted above in the ‘Our Services’ heading, and thus do not come with the same consumer protections as regulated mortgages loans. If at any point you feel you need further clarification on what this means for your situation, please let us know.

We will ask you to confirm that you understand the differences between regulated and non-regulated products, and that you agree any advice and services provided to you by Burghley Financial Services are strictly limited to non-regulated transactions.

If you have any concerns or questions, we would be happy to address them with you before any further consultation with us, or any further work is undertaken on your behalf by us.

Conclusion

This Disclosure Policy is aimed at enhancing client awareness regarding the specialised services we offer. As a firm, we adhere to the highest standards of professionalism and ethical conduct.

For further information, please do not hesitate to contact us directly.