rscnewhomes.com FAQ

What services does rscnewhomes.com offer?

Rscnewhomes.com primarily offers advice and arrangement services for new build mortgages, subsequent mortgages, remortgages, buy-to-let properties, and associated mortgage protection and insurance products.

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They aim to simplify the home financing process for clients in the UK.

Is rscnewhomes.com regulated by a financial authority?

Yes, RSC New Homes Ltd is an Appointed Representative of PRIMIS Mortgage Network, which is a trading name of First Complete Limited, authorised and regulated by the Financial Conduct Authority (FCA) in the UK.

What are the typical fees charged by rscnewhomes.com?

Rscnewhomes.com may waive its fee if a mortgage is arranged on a property from one of their associated new homes developers.

Otherwise, there may be a fee for mortgage advice, with a typical fee being £395, payable on application. They also receive commission from the lender.

Does rscnewhomes.com offer Sharia-compliant mortgages?

No, rscnewhomes.com does not offer Sharia-compliant mortgages.

Their services are based on conventional, interest-bearing mortgage products, which are not permissible under Islamic financial principles.

What are the operating hours for rscnewhomes.com?

Their Mortgage Desk operates Monday-Friday 10am-6pm, and Saturday and Sunday 10:30am-6pm. rscnewhomes.com vs. Islamic Home Financing Providers

The Administration Department operates Monday-Thursday 9am-5:30pm and Friday 9am-5pm.

How much experience does RSC New Homes claim to have?

RSC New Homes claims to have “over 10 years’ experience” in the industry and positions itself as one of the UK’s leading New Homes Mortgage Specialists.

Can I get advice from rscnewhomes.com over the phone or face-to-face?

Yes, rscnewhomes.com offers appointments available over the phone and face-to-face with their financial advisors.

Are Buy-to-Let mortgages regulated by the Financial Conduct Authority through rscnewhomes.com?

Most Buy-to-Let mortgages are not regulated by the Financial Conduct Authority, as stated on the rscnewhomes.com website.

What kind of insurance advice does rscnewhomes.com offer?

Rscnewhomes.com offers advice on mortgage protection and associated insurances, including buildings & contents insurance and personal protection plans.

Does rscnewhomes.com offer affordability calculators?

Yes, the website provides “affordability calculators” to help potential clients determine how much they could borrow for a new home.

How transparent is rscnewhomes.com about its fee structure?

Rscnewhomes.com is reasonably transparent about its fee structure, disclosing typical fees, conditions for fee waivers, and the fact that they receive commission from lenders.

What information does rscnewhomes.com provide about data privacy?

The website includes links to a “Privacy Notice” and “Cookie Notice,” indicating their commitment to data protection and transparency regarding data handling.

What is the primary ethical concern for Muslims regarding rscnewhomes.com?

The primary ethical concern for Muslims is that rscnewhomes.com facilitates interest-based mortgages and conventional insurance, both of which are considered impermissible (haram) in Islam due to the presence of riba (interest) and gharar (excessive uncertainty).

Are there Sharia-compliant alternatives for home financing in the UK?

Yes, while rscnewhomes.com does not offer them, there are Sharia-compliant alternatives available globally and in the UK through various Islamic banks and finance institutions that use models like Musharaka, Ijara, or Murabaha. Is rscnewhomes.com a Scam?

What are the consequences of not keeping up repayments on a mortgage arranged by rscnewhomes.com?

As stated on their website, “Your home may be repossessed if you do not keep up repayments on your mortgage.” This is a standard risk associated with conventional mortgage contracts.

Does rscnewhomes.com target international clients?

No, the guidance and/or advice contained within rscnewhomes.com is primarily targeted at consumers based in the UK.

How can I make a complaint about rscnewhomes.com?

The website provides a link to their “Complaints Procedure,” outlining the steps for clients to follow if they wish to make a complaint.

Does rscnewhomes.com guarantee specific mortgage rates?

The website implies access to thousands of schemes to find the most suitable mortgage, but it does not guarantee specific rates as these depend on the lender and market conditions.

Clients would need to consult with an advisor for personalized rates.

What is the company number for RSC New Homes Ltd?

The company number for RSC New Homes Ltd is 8415945, registered in England and Wales.

Is using rscnewhomes.com considered supporting an impermissible financial system in Islam?

Yes, from an Islamic ethical perspective, using services like rscnewhomes.com is considered supporting and participating in a conventional financial system built on interest, which is generally discouraged for Muslims seeking to avoid riba.