Why Introduce to Charleston?

We work to help a range of professionals, including IFA’s, accountants, accountants and residential mortgage brokers.

When you choose to work with the Charleston, you will not be treated as one of many introducers; you will be treated as a true partner to Charleston.

With our team dedicated to helping you grow your business, you can take comfort in that fact that you will have access to the most up to date products from a highly experienced team who are dedicated to working towards our core partner principles.

By choosing to partner with Charleston, you will also receive the following benefits:

  • No upfront fees to you or your customer, no application fees, no assessment fees, no commitment fees.
  • An uncapped commission structure with full transparency on what we receive from our lenders
  • Agreement in principles provided within 1 hour of submission
  • Full support throughout your clients application
  • You can choose to fully package your customers application to us, or allow us to handle the case from start to finish, freeing up your time, either way you will benefit from the same commission
  • Ongoing updates on your case progress
  • Retained customer ownership for life
  • We will never cross sell to your customers
  • Transparent, clear and concise paperwork and products
  • Access to exclusive products through new challenger banks
  • Enhanced commission rewards for regular business

You can also expect to receive ongoing marketing support together with advice on how to grow your business, we can assist you obtain client leads and improve conversions, as a partner to Charleston.

We can provide you with advice in all aspects of finance and you can always be assured that you will receive 100% commitment to placing your customers application with a suitable provider.

To discuss what we can offer you and your clients please call our broker desk on 01908597811, alternatively complete our online decision in principle form and we will be in touch within 1 hour

 

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Definitions and references

“Appointed Representative” means an Appointed Representative as defined by the FCA Rules

 “DPA” means Data Protection Act 1998

 “The Company” shall refer to Charleston Financial Services limited of 9 Copperhouse Court, Caldecotte, Milton Keynes, MK7 8NL.

“FCA” means The Financial Conduct Authority.

“FCA permission” means either a full permission or an interim permission

“The Introducer” means the individual or company using Charleston Financial Services limited.

“The Client” means the person introduced to Charleston Financial Services limited via the “Introducer”.

  1. “Route 1” means that the Introducer provides the Company with the name, telephone number / address of the Client and the Company maintains primary contact with the Client in order to carry out its obligations under the regulatory requirements of the FCA in connection with the completion and submission of the Mortgage Loan application.
  2. “Route 2” means that the Introducer maintains primary contact with the Client at all times and in their own right are responsible for meeting the regulatory requirements of the FCA in connection with the completion and submission of the Mortgage Loan application.
  3. “Route 3” means that the Client is applying for a Secured Loan (Second Charge) which does not meet the definition of a Regulated Mortgage Contract as defined by the FCA and that whilst both the Company and the Introducer may maintain contact with the Client, the Company is responsible for the Compliance process and the completion of that Loan in accordance with regulatory requirements.

“Regulated Activity”, for the purposes of this agreement, means advising, arranging or the bringing about of  a Regulated Mortgage Contract, a Non-investment Insurance Contract, a Regulated Credit Agreement or a Credit Agreement

“Scope of Permission”, for the purposes of this agreement, means permission gained by either the Company or the Introducer from the FCA in relation to a specific Regulated Activity as recorded by the FCA in relation to either the Company or the Introducer.

General Principles

“The Introducer” shall:-

  • Conduct their business in a responsible manner, having due regards for the interests of the client and making sure that all communication is clear, fair and not misleading.
  • Comply with all regulatory requirements , including the DPA and where authorised by the FCA, or an Appointed Representative the FCA Rules, and all relevant legislation and any related provisions to any of the aforementioned.
  • Conduct themselves in a compliant manner when engaging in the regulated activities of advising on or arranging a regulated mortgage contract, a  non-investment insurance contract, a regulated credit agreement or a credit agreement.
  •  in the instance of route 1, where the Introducer is not authorised under the FCA rules to engage in the regulated activities of advising on or arranging a regulated mortgage contract or non – investment insurance contract, then the Introducer agrees not to carry out such activities and in doing so shall limit its activities and that of any third party from whom it is introducing business to the Company to introducing only and expressly where it has a legal entitlement to do so.

(a) Not receive any money from the client in connection with or ancillary to any transaction in relation to a regulated mortgage contract which the Client enters into as a result of such an introduction to the Company.

(b) Where appropriate, make clear to a client the details of any reward, advantage or payment it will receive for the introduction.

(c) Make all other such disclosures concerning an introduction in respect of its relationship with the Company and its own activities.

(d) Maintain records of such disclosures in every instance.

  • In the instance of route 2, be solely responsible for the regulated activities in which it participates and comply with any provisions made by the FCA in connection with such activities.
  • In the instance of route 3, conduct all such activities with due care and diligence having regard to the relevant legislation and any such regulatory requirements thereby enabling the Company to conduct its own activities in accordance with its permissions as authorised by the FCA.

Introducers Further Obligations & Responsibilities

  • Where the Introducer is a member of or registered with any industry recognized body, such as FCA, the Introducer agrees to ensure that their operations and activities comply with any relevant provisions of that industry recognized body
  • Where the Introducer is carrying out a regulated activity, the Introducer will ensure that they keep up to date with their own regulatory processes and as such are solely responsible for those activities as the Company does not operate a network and to this end does not have Appointed Representatives of any kind. The Introducer agrees to make the Company aware, in every case, what basis a particular introduction is to be processed on.
  • The Introducer agrees to ensure that all their marketing, sales and promotional material complies with all relevant legislation and regulatory provision.
  • Where the Introducer has reason to believe that an application for a mortgage or secured loan is incorrect in any way, shape or form or that the way in which that application has been procured or dealt with contravenes any relevant regulatory requirements the Introducer agrees that under this agreement it has a duty, in addition to any existing legal requirement, to inform any necessary body and the Company. The Introducer will ensure that under any agreement it has with the Client it has sufficient permission to pass on such information to the Company.
  • The Introducer agrees that in every instance it will adhere to the requirements of the DPA and all relevant provisions and amendments.
  • The Introducer agrees to hold FCA permissions  for its licensable activities. No introductions will be accepted from any introducer which cannot evidence regulatory permissions to make such introductions or whereby a valid exemption from authorisation cannot be demonstrated. Charleston will not accept introductions from any other source.
  • Where the Introducer receives enquiries from third party sources it shall be remain fully responsible for those enquiries irrespective of the source for that enquiry.

Relationships

Nothing in this agreement will constitute or be deemed to constitute a partnership, nor to create the relationship of employer or employee between the Company and the Introducer.

Nothing in this agreement will constitute or be deemed to constitute an Introducer Appointed Representative relationship between the Company and the Introducer.

The Introducer has neither power nor authority to bind the Company or contract on its behalf, act or create any liability of the Company in any way.

Any activity regulated or otherwise carried out in the pursuance of a mortgage or loan enquiry with a view to introducing such an enquiry to the Company irrespective of the Service Standard involved shall not constitute an act of agency between the Company and the Introducer. The Introducer acknowledges that it is an independent contractor and not an agent of the Company. Terms relating to commissions and any other payments from the Company shall be agreed separately.