What is Torc24.co.uk?
Torc24.co.uk is a UK-based mortgage advisory and brokering service that specialises in helping individuals secure home loans, particularly for new build properties. They offer access to a wide range of mortgage products and aim to simplify the home-buying process.
Read more about torc24.co.uk:
Torc24.co.uk Review & First Look
Is Torc24.co.uk Legit?
Torc24.co.uk Pros & Cons
Torc24.co.uk Alternatives
Does Torc24.co.uk Work?
Is Torc24.co.uk a Scam?
How to Cancel Torc24.co.uk Subscription / Services
Torc24.co.uk Pricing
Torc24.co.uk vs. Islamic Mortgage Providers
Is Torc24.co.uk a legitimate company?
Yes, Torc24.co.uk appears to be a legitimate company. It is a trading name of The New Homes Group Limited, which is registered in England and Wales and regulated by the Financial Conduct Authority (FCA) through Connells Limited. They provide clear company details and contact information on their website.
Does Torc24.co.uk offer Sharia-compliant mortgages?
No, Torc24.co.uk does not explicitly mention or offer any Sharia-compliant or interest-free mortgage products. Their services primarily involve brokering conventional mortgages, which are based on interest (riba) and are therefore impermissible in Islam. Torc24.co.uk vs. Islamic Mortgage Providers
Why is Torc24.co.uk not recommended for Muslims?
Torc24.co.uk is not recommended for Muslims because its core business involves facilitating interest-based mortgages. Interest (riba) is strictly prohibited in Islam, making transactions facilitated by such services impermissible (haram) for Muslims seeking to adhere to Sharia principles.
What are the alternatives to Torc24.co.uk for a Muslim seeking a mortgage?
The best alternatives for a Muslim seeking a mortgage are dedicated Islamic banks and financial institutions in the UK that offer Sharia-compliant home finance products. Examples include Al Rayan Bank, Gatehouse Bank, and UBL UK, which use models like Murabaha, Ijara, or Musharakah Mutanaqisah to avoid interest.
How much does Torc24.co.uk charge for its services?
Torc24.co.uk does not display a fixed price list on its website. They state that “Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.” Fees typically vary based on the complexity of the mortgage application and the specific service provided.
How can I contact Torc24.co.uk?
You can contact Torc24.co.uk via phone at 01442 860700, by email at [email protected], or via WhatsApp. They state they are available 7 days a week, including evenings and weekends.
Does Torc24.co.uk provide services for first-time buyers?
Yes, Torc24.co.uk states that they assist various types of homebuyers, including first-time buyers, home movers, and buy-to-let investors, in finding suitable mortgage deals. Torc24.co.uk Pricing
What is the experience level of Torc24.co.uk?
Torc24.co.uk claims to have “Over 30 years of trading” and is part of The New Homes Group, which they describe as the UK’s leading new homes specialist. This suggests extensive experience in the mortgage and new build property sectors.
How does Torc24.co.uk simplify the home-buying process?
Torc24.co.uk aims to simplify the process by acting as a single point of contact between the client, housebuilder, and lender. They offer tailored advice, access to a wide range of products, and dedicated support to process applications and keep clients informed.
Is Torc24.co.uk regulated by the FCA?
Yes, Torc24.co.uk operates as an appointed representative of Connells Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. This provides regulatory oversight for their conventional mortgage advisory services.
Can Torc24.co.uk help with buy-to-let mortgages?
Yes, Torc24.co.uk mentions assisting “buy-to-let investors.” However, they also note that “Most buy-to-let mortgages are not regulated,” which is a factual statement about the UK regulatory landscape for buy-to-let products.
Does Torc24.co.uk have a physical office?
Yes, their registered office address is Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN, which is publicly listed on their website. How to Cancel Torc24.co.uk Subscription / Services
How does Torc24.co.uk handle customer complaints?
Torc24.co.uk has a formal “Complaints Procedure” linked in the footer of their website. This procedure outlines the steps for submitting a complaint and your rights, including escalating to the Financial Ombudsman Service if necessary.
Are the mortgage advisors at Torc24.co.uk directly employed?
Yes, Torc24.co.uk states, “We believe we are almost unique, as we only use our own employed Mortgage and Protection Advisers.” This implies greater control over service quality and consistency.
What is “The New Homes Group” in relation to Torc24.co.uk?
TORC24 is part of The New Homes Group, which is described as the UK’s leading new homes specialist. This indicates that Torc24.co.uk benefits from being part of a larger, established organisation within the property sector.
Does Torc24.co.uk offer free mortgage qualification?
Yes, the website advertises a “FREE mortgage qualification” service, suggesting an initial assessment of your borrowing capacity without any charge.
What information should a Muslim look for when considering a mortgage provider?
A Muslim should look for explicit declarations of Sharia compliance, oversight by a reputable Sharia Supervisory Board, and the use of approved Islamic finance contracts such as Murabaha, Ijara, or Musharakah Mutanaqisah, ensuring no interest (riba) is involved. Is Torc24.co.uk a Scam?
Does Torc24.co.uk have strong relationships with lenders and housebuilders?
Yes, the website claims to have “strong relationships with lenders and housebuilders,” which they state helps them find the best deals and act as a single point of contact throughout the process.
How can I withdraw my application with Torc24.co.uk?
To withdraw your application or cease engagement with Torc24.co.uk, you should directly contact them via phone (01442 860700) or email ([email protected]) and clearly state your intention to terminate their services or withdraw your mortgage application.
|
0.0 out of 5 stars (based on 0 reviews)
There are no reviews yet. Be the first one to write one. |
Amazon.com:
Check Amazon for torc24.co.uk FAQ Latest Discussions & Reviews: |
Leave a Reply