Is Torc24.co.uk a Scam?

Based on the information presented on their homepage and typical indicators of legitimacy for UK businesses, Torc24.co.uk does not appear to be a scam. They operate with a high degree of transparency regarding their corporate identity and regulatory status. However, it’s crucial to distinguish between being a legitimate business and being ethically permissible from an Islamic finance standpoint.

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?

Indicators of Non-Scam Status:

• Clear Corporate Identity: Torc24.co.uk is openly stated as a trading name of The New Homes Group Limited. They provide a registered company number (2509770), a registered office address (Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN), and a VAT registration number (500 2481 05). Scammers typically hide such verifiable corporate details.
• FCA Regulation: The most compelling evidence of legitimacy in the UK financial sector is their explicit mention of being an “appointed representative of Connells Limited, which is authorised and regulated by the Financial Conduct Authority (FCA).” The FCA register number for Connells Limited (302221) is also provided. The FCA is a stringent regulator; operating under its authorisation requires adherence to strict consumer protection rules and transparency. Scammers avoid regulation.
• Physical Address and Contact Information: A physical office address and multiple, easily accessible contact methods (phone number, email, WhatsApp) are provided. Scammers often use only anonymous online forms or untraceable contact details.
• Established Presence: The claim of “Over 30 years of trading” and being part of “The New Homes Group” suggests a long-standing presence in the industry. While claims can be exaggerated, verifiable company registration data supports a history of operation.
• Professional Website: The website is professionally designed, well-maintained, and contains comprehensive information about their services, policies (privacy, cookies, complaints), and legal disclaimers. Scam websites are often poorly constructed, have broken links, or lack detailed legal information.
• No Unrealistic Guarantees: They don’t promise unrealistic returns or guaranteed approvals, which are common tactics of financial scams. Instead, they offer a “FREE mortgage qualification” and access to many products, which is standard for mortgage brokers.
• Pre-Fee Disclosure: They state, “Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.” This is a transparent practice that avoids hidden charges, a common characteristic of scams.

Conclusion on Scam Status:

Based on all conventional indicators, Torc24.co.uk is a legitimate, regulated mortgage advisory business operating within the legal framework of the United Kingdom. It is not a scam in the sense of being a fraudulent or deceptive operation designed to steal money or information through illicit means.

The Ethical Nuance for Muslims:

While not a scam, it’s crucial for Muslims to understand that “legitimate” in a conventional sense does not equate to “permissible” (halal) in an Islamic sense. As discussed, their core service involves interest (riba), which is prohibited in Islam. Therefore, while the company itself is not fraudulent, its services are deemed impermissible for a Muslim. This distinction is paramount when evaluating financial services through an Islamic lens. A Muslim seeking a mortgage should look for Sharia-compliant financial institutions, not conventional brokers like Torc24.co.uk, even if they are fully legitimate and regulated.