Legal
Terms of business
The basis on which we arrange non-regulated landlord, bridging, development and commercial finance, our scope of service, fees, and the regulatory regime that applies.
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Regulatory status
Lenzie Consulting Ltd is not authorised or regulated by the Financial Conduct Authority. We arrange non-regulated buy-to-let mortgages, bridging loans, development finance and commercial mortgages only. We do not arrange Consumer Buy-to-Let or other regulated mortgages, if your case falls into the regulated regime we will refer you to an FCA-authorised firm.
Scope of service
We source and arrange non-regulated landlord finance from a panel of 100+ specialist lenders: portfolio mortgages, buy-to-let mortgages and remortgages, limited company and SPV buy-to-let, HMO and MUFB mortgages, holiday let mortgages, bridging loans, development finance, commercial and semi-commercial mortgages, and term loans. Our service includes initial fact-find, lender selection, packaging the application, and managing the case through to completion. We do not give tax, accounting, legal or investment advice; we will refer you to qualified professionals where useful.
We do not arrange Consumer Buy-to-Let, regulated residential mortgages, or any other regulated mortgage activity. If your circumstances bring your case within the regulated regime (for example, letting to a family member, or letting a property you previously lived in), we will refer you to an FCA-authorised firm before any arrangement work begins.
Fees
Initial consultation is fee-free. Our fee is 1% of the loan amount, payable only on successful drawdown of the mortgage. The procuration fee paid to us by the lender (typically 0.30% to 0.55% of the loan on standard BTL) is taken first; you pay the difference up to 1% only where the lender's proc fee is below 1%. No fee at all if the deal does not complete. The exact figures applicable to your case, the expected lender procuration fee and your resulting top-up amount, are confirmed in writing before you commit to any product.
What buy-to-let regulation looks like
Most buy-to-let mortgages, those secured against a property you intend to let to a third party for investment, sit outside the FCA's regulated mortgage regime under the Regulated Activities Order. Consumer Buy-to-Let, introduced by the Mortgage Credit Directive in 2016, brings a narrow subset of BTL transactions into FCA regulation: principally cases where the borrower is letting to a family member, or accidentally became a landlord. We don't arrange those.
Complaints
See the complaints procedure.