"Fully satisfied, genuinely helpful and friendly, would without doubt recommend Shire Direct, thank you."
Mr & Mrs C., Liversedge, West Yorkshire
If you are applying for a mortgage and / or insurance we are bound by the Financial Services Authority regulations to show you our Initial Disclosure Document, which is available for download from this page.
An Initial Disclosure Document (or IDD for short) is a regulatory requirement for firms who conduct activities that are regulated by the Financial Services Authority. These documents help to enable customers to assess a firms services to see if they are appropriate and suitable for them as well as help to enable the customer to make comparisons with other firms.
Initial Disclosure Documents include specific information about the services and products a firm offers as well as details regarding any fees the company may charge for those services. Regulatory information is also included as well as information regarding what to do in the event you should have a complaint, and whether a firm is covered by the Financial Services Compensation Scheme (FSCS).
We have three different types of IDD available for download depending on your requirements. Our qualified advisors will ensure you are presented with the IDD appropriate to you when you enquire, but in the meantime you may download and view the IDD relevant to you from below.
The first IDD is our Combined Initial Disclosure Document (CIDD) which relates to both Mortgage and Insurance products that are regulated by the Financial Services Authority.
The second IDD is our General Insurance only IDD, relating to our arrangement of insurance products regulated by the Financial Services Authority. This would be relevant to you if you are only applying for an insurance product from us, or require an insurance product with a non-regulated mortgage (i.e. a Buy to Let, Commercial Mortgage or Secured Loan product).
The third IDD is our Equity Release IDD which relates to Equity Release Mortgage schemes only, which are again regulated by the Financial Services Authority.
Our Initial Disclosure Documents are available for download from the links below. Please note these documents are in Adobe PDF format, and require Adobe Reader to view.
Our Combined IDD is relevant to you if you require a mortgage product and/or general insurance product that is regulated by the Financial Services Authority.
> Download our CIDD (link opens in new browser window)
Our General Insurance only IDD is relevant to you if you require an insurance product only, or if you require a non-regulated mortgage product (i.e. a Buy to Let, Commercial Mortgage or Secured Loan product) with a general insurance product that is regulated by the Financial Services Authority.
> Download our General Insurance IDD (link opens in new browser window)
The Equity Release IDD is relevant to you if you require Equity Release Mortgage scheme.
> Download our Equity Release IDD (link opens in new browser window)
Mortgages/Remortgages: The overall cost for comparison is 9.8% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances. For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
Homeowner Loans: Rates from 8.9% APR variable, but typically 13.9% APR variable. Most customers are likely to receive a lower rate or the same rate as our typical variable rate - learn more about APR. Shire Direct also has a range of non-conforming loan plans with rates up to 19.9% APR. These plans are designed to help those who may have a more difficult credit history, including CCJ's and credit arrears, IVA and bankruptcy problems.
A broker fee of between 0% and 10% of the loan advance may be charged for arranging a secured loan.
All loans subject to status and secured on property.
The actual rate available will depend upon your circumstances. Written quotations on request.
Equity Release Products:
Equity Release products may involve a Lifetime Mortgage or Home Reversion Plan. To understand the features and risks, ask for a personalised illustration.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Shire Direct and Shire Direct Mortgages are trading styles of Shire Processing Centre Limited which is
Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
Registered No: 302389. Commercial funding and Secured Loans are not regulated by the FSA.
Licensed Credit Brokers. Consumer Credit Licence Number: 349999.
Shire Processing Centre Limited is registered under the provisions of the Data Protection Act by the Information Commissioners Office: Registration No: Z6795249. Registered in England & Wales. Company number: 2732202. Telephone calls may be recorded for training, monitoring and security purposes. All applicants must be aged 18-years or over.