The Financial Conduct Authority has exposed an unauthorised brokerage which trades in mortgages, refinancing loans, home purchase loans and debt consolidation.
Loan Kings, which has been sending out two addresses; Central Chambers, 93 Hope Street, Glassgow G22 6LD and 236 Priory Road, Liverpool, Mirsey Side LA25L, claim customers can ‘get cash out fast.’, for debt consolidation.
On its site, the firm claims that it will shop around for the right loan for clients, saving borrowers from “… dealing with aggressive brokers that call at all hours and will not take no for an answer.”
The FCA believes Loan Kings is providing financial services or products in the UK without the regulator’s authorisation and has warned individuals dealing with the brokerage to be wary of scammers.
Almost all firms and individuals offering, promoting or selling financial services or products in the UK are authorised by the FCA.
The regulator strongly advises people to only deal with financial firms that are authorised by the FCA and to check the Financial Services Register.
Any transactions with an unauthorised firm will not be protected by the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong.
The Financial Conduct Authority has exposed an unauthorised brokerage which trades in mortgages, refinancing loans, home purchase loans and debt consolidation.
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