Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

FCA Cracks Down On Investment Scams

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FCA Cracks Down On Investment Scams

The Financial Conduct Authority (FCA) has set up a team to wage war on suspicious investment schemes advertised online. It comes following the collapse of London Capital and Finance (LCF), which folded early in 2019, owing £237 million to 11,500 investors.

Internet-Enabled Fraud

The FCA says LCF was just ones of the companies engaging in online fraud, with schemes frequently targeting vulnerable pensioners who have been saving for retirement for many years. The FCA ordered the company to stop advertising because it was falsely marketing its mini-bonds as ISA eligible, when they were not - but the ban came too late.

Concerned?

If you have been offered a pension or investment opportunity and aren't sure if it's legitmate, visit the FCA's ScamSmart page

 

We can help you!

 

If you would like more information or help with your mortgage please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at info@simmondsmortgage.co.uk

 

Your home may be repossessed if you do not keep up repayments on your mortgage

 

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Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.


What our Customers Say...

Your home may be repossessed if you do not keep up repayments on your mortgage.

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, Lexham House, Forest Road, Binfield, Berkshire, RG42 4HP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

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