MORTGAGE MASTER (GLASGOW) LTD.
Reference number: 300219
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Authorised by the FCA
This firm is on the FCA register and authorised to carry out regulated activities.
Identity
Check their details
Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.
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No website on the FCA register
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Verified phone number
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Verified address
7 St Marnock Street, Kilmarnock, East Ayrshire, KA1 1DZ, United Kingdom
Also trades as
- Mortgage Master
Company details
From the company's Companies House record.
- Company number
- SC185579
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 8 May 1998 (28 years old)
- Registered office
- 7 St Marnock Street, Kilmarnock, Ayrshire, KA1 1DZ
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Jeffrey Bryant Bradman | Director | Jan 1947 | 8 May 1998 |
| Jack Stone | Director | Sep 1946 | 8 May 1998 |
| Jeffrey Bryant Bradman | Secretary | Not published | 8 May 1998 |
Activities and protection
What they can do, and how you are protected
- Give regulated advice FSCS may applyA claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
- Manage or trade investments FSCS may applyEligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
- Advise on or arrange mortgages FSCS may applyMortgage advice and arranging may be FSCS-covered, up to the limit that applies.
- Lend or arrange credit No FSCS coverConsumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
Show FCA detail (12 permissions)
- Acting as a CBTL advisor
- Acting as a CBTL arranger
- Advising on investments (except on Pension Transfers and Pension Opt Outs)
- Advising on P2P agreements
- Advising on regulated mortgage contracts
- Arranging (bringing about) deals in investments
- Arranging (bringing about) regulated mortgage contracts
- Credit Broking
- Debt Adjusting
- Debt-counselling
- Making arrangements with a view to regulated mortgage contracts
- Making arrangements with a view to transactions in investments
Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Track record
Action taken against them
1 fine in 2008, £11,900 in total. This is part of the official register record and is worth reviewing before going ahead.
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Fined £11,900 on 7 July 2008
On 7th July 2008 the FSA imposed a financial penalty of £11,900, (reduced from £17,000 for early settlement) on Mortgage Master for failing to comply with Principle 3 of the Principles for Businesses and FSA Rules, and rules in Chapter 4 of the section of the FSA's Handbook entitled Mortgages and Home Finance: Conduct of Business Sourcebook (MCOB) and chapter 3 of the section of the FSA's Handbook entitled Senior Management Arrangements, Systems and Controls (SYSC). These breaches relate to Mortgage Master's failure to adequately supervise one of its two mortgage advisers resulting in applications containing false and misleading information being submitted to prospective lenders. More specifically Mortgage Master's failings were as follows. 1. Mortgage Master did not have appropriate management systems and controls to: a. ensure the effective supervision and ongoing monitoring of the Adviser, including ensuring that he obtained from customers and recorded all the information likely to be relevant to ensure the suitability of his advice; b. conduct appropriate compliance monitoring in respect of the firm's sales processes, or use management information to focus its compliance monitoring appropriately; and c. take reasonable care to counter the risk that the firm might be used to further financial crime, including by verifying customers' income details where, taking a common sense view, the firm ought to have realised that income information in application forms was or could have been inaccurate. The action also requires Mortgage Master to undertake a review of all of the mortgage files of the former adviser and inform all lenders and clients where false information has been included in mortgage applications.
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Common questions
Frequently asked questions
Is MORTGAGE MASTER (GLASGOW) LTD. FCA authorised?
Yes, MORTGAGE MASTER (GLASGOW) LTD. (FRN 300219) is authorised by the FCA to carry out regulated activities.
Is my money safe with MORTGAGE MASTER (GLASGOW)?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about MORTGAGE MASTER (GLASGOW) to the Financial Ombudsman Service, free of charge.
Is MORTGAGE MASTER (GLASGOW) a scam or clone?
MORTGAGE MASTER (GLASGOW) is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is MORTGAGE MASTER (GLASGOW)'s Firm Reference Number (FRN)?
MORTGAGE MASTER (GLASGOW)'s FRN is 300219. You can verify it on the FCA register.