What is the London & Country Mortgages Limited (L&C) mortgage comparison service?

Who is London & Country Mortgages Limited (L&C)?

Why does Tesco Compare introduce customers to London & Country Mortgages (L&C)?

Which types of mortgage are available through the mortgage comparison service?

*What’s a Key Facts Illustration - and how can I get one?

What are the benefits of getting mortgage advice?

*Do I need to take out any insurance in order to set up a mortgage?

Q. What is the London & Country Mortgages Limited (L&C) mortgage comparison service?

A. The comprehensive mortgage comparison service, provided by L&C, allows borrowers to look for a mortgage deal which is right for them. L&C can also offer free, whole of market advice on different mortgage deals, helping with paperwork.

Q. Who is London & Country Mortgages Limited (L&C)?

A. L&C is a whole of market mortgage broker which is authorised and regulated by the Financial Services Authority.

Q. Why does Tesco Compare introduce customers to London & Country Mortgages (L&C)?

A. Tesco Compare aims to offer great value and service. We can introduce customers to L&C because it can provide a whole of market search across many lenders.

Q. Which types of mortgage are available through the mortgage comparison service?

A. L&C advisers can offer free advice across a range of different mortgages from across the market to new home buyers and those looking to switch mortgages. Check out the latest deals to see the types of mortgages available or call the freephone number on 0800 694 2444 to speak to an L&C adviser.

Q. *What’s a Key Facts Illustration - and how can I get one?

A. This is a document that all mortgage lenders and brokers have to produce for every customer before they apply for a mortgage. L&C can provide a Key Facts Illustration (KFI) which outlines important information about the mortgage you’re interested in. It’s essential to always read and understand the KFI before applying for a mortgage with L&C.

Q. What are the benefits of getting mortgage advice?

A. L&C advisers have access to many mortgage deals on the market. They can focus on your individual circumstances, work hard to find a suitable mortgage for you, and manage your application with the lender without you paying a fee for their advice.

Q. *Do I need to take out any insurance in order to set up a mortgage?

A. Buildings insurance should be arranged to cover the full cost of rebuilding a home, and it’s important to have enough life insurance to cover the borrowing at all times.

*Source: Directgov as of March, 2011.