The Adverse Mortgage Centre Privacy Policy
To provide the highest level of customer service we need accurate customer information. You can help by informing us whenever your circumstances change, either by telephone or post.
How We Use Your Personal Information
Our main use of your personal information is to assist you in your application for a mortgage or provide a specific service you require. Some details we can/will obtain else where i.e. credit reference agencies.
Occasionally, The Mortgage Broker Ltd may contact you by letter, telephone or otherwise to inform you about other products and services that may interest you only if you have indicated that you wish us to do so. If you wish to recieve this information please contact Adverse Mortgage Centre at the following address:
- Adverse Mortgage Centre
The Mortgage Broker Ltd Group
8 The Green, Eaton Ford
St. Neots
Cambridgeshire PE19 7AF.
If you have previously given your consent for The Mortgage Broker Ltd or it's Preferred Partner Brokers to contact you with products and services that may be of interest but have now changed your mind you will need to write to the appropriate broker to be removed from their customer contact database.
Your data will only be used by the Mortgage Broker or our preferred broker partners as discribed in the about us pages.
Your personal information will, depending on your geographic location will either be passed to The Mortgage Broker Ltd or a Preferred Broker Partner to contact you as described on the about us page.
Where your details are passed to The Mortgage Broker Ltd the following applies:
- The Mortgage Broker Ltd trading as The Adverse Mortgage Centre, we will process all information in accordance with the Data Protection Act 1998 and it will be treated as private and confidential now and in the future. The only exceptions to this will be when the law requires us to disclose information or, with your consent, where disclosure is necessary when arranging or servicing your mortgage or protection contracts.
- To fulfill our regulatory obligations, we will retain copies of your records for no longer than is necessary or for the duration of any contract you may enter into. You have the right to inspect these records at any time.
Where your details are passed to a Preferred Broker Partner the following applies:
- The responsibility for processing and handling this data in accordance with the provisions of the Data Protection Act 1998 lies with the Preferred Broker Partner. The Mortgage Broker Ltd does not accept responsibility for the handling of this personal information.
Occasionally, the Financial Services Authority (FSA) compliance review bodies audit a sample of our customer records to assess our compliance with the regulations. Whenever this happens, strict confidentiality conditions are always imposed.
Under the Data Protection Act you have the right to access the information we hold about you on our records. The act allows us to charge a £10.00 fee for this service. If anything is inaccurate or incorrect, please let us know and we will correct it.
Credit Referencing
If you apply for an The Mortgage Broker Ltd, or any company within The Mortgage Broker Ltd Group, credit based products (e.g. mortgage or secured loan), we will perform a search with a credit reference agency. The agency will keep a record of the search.
When applying for a mortgage we may search public records, such as the Electoral Roll, that are available from credit reference agencies to help us verify your identity.
Associations linking your financial records may be created on credit reference agency records when you apply for a mortgage in joint names. Your financial records, and those of anyone financially associated with you, may be considered in any future applications you make.
You have the right to apply to the credit reference agencies for a copy of your credit file. If there is anything incorrect on your file, you have the right to ask the agency to add a notice of correction.
We use Equifax Plc and/or Experian Limited for our credit referencing. Their contact details are as follows:
- Equifax Plc
PO Box 1140
Bradford
BD1 5US
Tel: 0870 010 0583 www.equifax.co.uk
- Experian Ltd
Consumer Help Service
PO Box 8000
Nottingham
NG1 5GX
Tel: 0870 241 6212 www.experian.co.uk
If you have been refused credit you can get advice from your local Trading Standards department, Citizens Advice Bureau or Consumer Advice Centre, or through the agencies` websites. The Information Commissioner also produces a useful leaflet entitled No Credit? You can obtain a free copy from the Information Commissioners website at www.informationcommissioner.gov.uk or by telephoning 0870 600 8100
Credit Scoring
When you apply for a mortgage the details you provide, the information we already have and information from credit reference agencies is used to assess credit risk using a technique called credit scoring.
Various factors in all these details help the mortgage lenders assess the risk and determine the mortgage they are willing to offer you.
Introducers
If you have previously given your consent for The Mortgage Broker Ltd or it’s Preferred Partner Brokers to contact you with products and services that may be of interest but have now changed your mind you will need to write to the appropriate broker to be removed from their customer contact database.
Anti-money Laundering and Statutory
To comply with money laundering regulations, and to help stop criminals using financial products or services to launder money, there are times when we need to confirm (or reconfirm) the name and the address of our customers. We may need to do this whether you are applying to be a new customer or have been one for sometime. This information may be shared with other companies within The Mortgage Broker Ltd.
Some acts of parliament oblige us to disclose information about our customers to certain bodies with statutory powers.
Web Site and Email
If you email us, or give us your email address, we will keep a record of it. We may use it to contact you occasionally about our products and services, unless you ask not to do so. We will not give your email address to any unauthorised third parties.
Should you decide to send us e-mail, you should remember that messages sent over the Internet are not secure and you should therefore think very carefully before including any information of a confidential nature. For our part, we will respect the confidentiality of your information and will limit the content of any e-mail we create to reflect the security limitations that currently exist within the Internet environment. Should you therefore require us to respond, it is essential that you provide your full name and address to enable us to provide a written response.
When you visit our website, a certain amount of information is retained regarding the event to enable us to understand the profile of our visitors. The information retained includes the IP address and/or the domain name of the visitors. Cookies may be used to personalise your visit to this site.
This privacy policy only covers The Mortgage Broker Ltd websites and does not extend to other websites that are linked to our sites.
Telephone Calls
We may record telephone conversations to offer you additional security, resolve complaints and improve our service standards. Conversations may also be monitored for staff training purposes.
Responsibility For Customer Confidentaility
All our employees are personally responsible for maintaining customer confidentiality. We provide training and education to all our staff to remind them about their obligations. Our policies and procedures are regularly audited and reviewed.
If you think your confidentiality has been broken please write to: Data Controller, Adverse Mortgage Centre, The Mortgage Broker Ltd, 8 The Green, Eaton Ford, St. Neots, Cambridgeshire PE19 7AF.
Business Customers
The Data Protection Act does not generally apply to companies but it does cover sole traders. When we receive an application from such a business we may perform a search with a credit reference agency on the individual company directors or partners.
