"Starting to feel there's a light at the end of the tunnel, thank you"
Mr G., Oakwood, Derby
The Consumer Credit Act is a huge piece of legislation and governs the activities of financial institutions that undertake a wide variety of credit transactions, and is aimed at protecting consumers and creating a fairer more competitive credit market.
Here we take a closer look at the Consumer Credit Act and how it applies to the services we provide, and offer details as to how we may be able to help you, if you are looking for financial assistance.
Table of Contents:
So, as we briefly explained above, the Consumer Credit Act or CCA for short governs the activities of financial institutions in the United Kingdom that carry out a wide array of credit transactions. It's a vast piece of legislation, and is aimed primarily at protecting consumers and also aims to help to create a fairer, more competitive credit market by:
Yes we are, and our licence number is 349999. We are licensed for the following categories:
The activities covered by the Consumer Credit Act includes business that:
Yes, we do.
Although the provision of mortgage products is regulated by the Financial Services Authority, and not by the Consumer Credit Act; Shire Direct is appropriately licensed by the Office of Fair Trading under the provisions of the Consumer Credit Act, we do undertake a variety of consumer credit activities including helping people with debt problems, credit referencing, credit broking and arranging homeowner secured loans, debt adjusting and debt counselling.
So, we will always consider our customers' circumstances very carefully, and come up with the most appropriate solution commensurate with their needs, requirements and aspirations. We will provide advice and a recommendation on the most suitable course of action, and this will include residential and commercial mortgages, homeowner loans, and protection products.
We'd love to! Don't hesitate to contact us if you feel we may be able to help you raise finance, whether it be on a homeowner secured loan basis, or by way of a mortgage. The first thing we'll do is get to understand your circumstances, and requirements. Advice and service always come first at Shire Direct.
We believe you will find our service to be friendly, professional and helpful. So why not get in contact with us, you can call us today on Freephone 08000 282 281, our advisors are able to take your call until 10pm, seven nights a week. Alternatively, why not enquire online at any time. We'll be delighted to provide you with a rapid in-principle decision whatever your circumstances!
We hope we've managed to provide further insight into the Consumer Credit Act and how our services relate to it. Don't forget our website contains a wealth of information, so why not take a few minutes out to explore the site and see how we might be able to help you.
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.
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.
Are you worried and becoming stressed because you are having problems getting a mortgage or remortgage? Worry and stress no more! Here at Shire Direct we provide tailor made mortgage solutions to suit you, and can usually help with all kinds of circumstances including...
Remember, we're here to help, and would love to hear from you!
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.
