Ferro Financial

Ferro Financial: mortgage and life insurance broking from Chesterfield

Ferro Financial Ltd operates as a mortgage and life insurance broker from offices at the Northern Gateway Enterprise Centre on Saltergate, in Chesterfield town centre. The firm presents itself as an award-winning adviser serving clients across the UK, with appointments offered by telephone, by video call and face to face at its offices.

The company describes its role as reviewing the market on behalf of each client and proposing arrangements matched to that person's circumstances, rather than a single product. It states that its advisers are CeMAP qualified and that it works with more than 100 mortgage lenders alongside life insurance providers, including products reserved for brokers that are not available directly from lenders.

Mortgage advice across the full range of borrower profiles

The mortgage side of the business is organised around the situation of the borrower rather than a single product line. The areas listed on the site are:

• Moving home
• Remortgage
• First-time buyers
• New-build properties
• Buy-to-let
• Self-employed applicants
• Self-build projects

This spread covers owner-occupiers purchasing or refinancing, landlords investing in rental property, borrowers without standard employed income and clients building their own homes. The firm also advertises specialist advice on new-build purchases and insight into the mortgageability of properties.

Protection and life insurance lines

Alongside mortgages, Ferro Financial arranges protection products. The site lists life cover, critical illness cover, income protection, family income benefit and business protection. A credit report service is also offered as a separate item.

Fees and regulatory status

The company states that it charges no broker fee on residential transactions. On buy-to-let transactions a fee may apply, capped at 1% of the mortgage amount, with a typical charge of £495. It also warns, in standard regulatory wording, that a home may be repossessed if repayments on a mortgage are not maintained.

Ferro Financial Ltd is an appointed representative of Mortgage Advice Bureau (Derby) Limited, which is authorised and regulated by the Financial Conduct Authority. The company is registered in England under number 12882644, with its registered office at the Chesterfield address. Its guidance and advice are described as subject to the UK regulatory regime and aimed primarily at consumers based in the UK.

Working with estate agents

The site sets out a separate proposition for estate agents, which includes confirming a buyer's mortgage position through qualifications, regular updates on the mortgage market and interest rates, and advice on the mortgageability of properties. It also mentions a portal for tracking the progress of referrals, referral fees at 25% of the net procuration fee, a single point of contact for each client, new-build specialist advice and welcome gifts for buyers on completion.

Availability and client contact

Appointments are offered seven days a week, by phone, video call or in person. The firm asks enquirers using its contact form to supply a name, contact number, email and a short description of what they are looking for, and states that it responds within 24 hours. Personal details submitted through the site are handled under GDPR provisions, and the company notes that providing them constitutes agreement to be contacted by telephone about mortgage requirements.

Published commentary on the mortgage market

The company maintains a blog that has covered movements in Bank of England interest rates and their effect on mortgage pricing, the Spring Budget, and the reappearance of 100% mortgage products in the market.