UK regulator cuts £2bn from car finance redress costs for banks

by support@somersetcloudsolutions.co.uk | Mar 30, 2026 | News | 0 comments

Financial Conduct Authority lowers estimate for loans eligible for compensation scheme

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Important: Your property may be repossessed if you do not keep up repayments on your mortgage.

Registered in England and Wales

The Mortgage Mark Ltd is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited. First Complete Limited is authorised and regulated by the Financial Conduct Authority.

The guidance and/or information contained within the website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK.

Registered office address - 11 Main Road, West Huntspill, Highbridge, Somerset TA9 3QS

Registration number - 14369477

The Mortgage Mark trading address:

11 Main Road, West Huntspill, Highbridge, England, TA9 3QS.

We will charge a fee for our advice service which will depend on what mortgage you need, your financial circumstances, and the complexity of what you require. The amount of fee will be between £0 and £995. We will tell you the fee before we start working for you. You need to pay the fee when I give you my advice. Any fee paid is non-refundable. If you have fully co-operated with information and documents I have requested and I am unable to provide you with a mortgage offer then I will refund you in full. We will also be paid a procuration fee by the lender. You will be told how much this is when we give you the mortgage illustration. You can ask in advance the percentage (of the loan) each lender will pay us. If an application is submitted via a third party specialist (sometimes called a packager) we will be paid commission by them instead of the lender. This will be disclosed to you.

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