Cheap Mortgages Limited: FCA regulated?

Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Authorised for 9 years
Your funds are protected by FSCS
No FCA actions
Active company since 2016
Accounts filed up to 30 April 2025

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Website

cheapmortgages.biz (opens in a new tab)
Phone number

01482 363546
Address

F6 The Bloc, Springfield Way, Anlaby, Hull, East Riding of Yorkshire, HU10 6RJ, United Kingdom

In the full report: 3 background checks

When cheapmortgages.biz first appeared online, and whether it can receive email
What kind of line 01482 363546 is
Who else gives the postcode HU10 6RJ

Other names (1)

If you were contacted under any of these names, it is this firm.

AI Mortgages Former trading name: A name it used to trade under.

FCA permissions and consumer protection

Give regulated advice FSCS may apply
A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
Manage or trade investments FSCS may apply
Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
Advise on or arrange mortgages FSCS may apply
Mortgage advice and arranging may be FSCS-covered, up to the limit that applies.
Lend or arrange credit No FSCS cover
Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
Complaints Ombudsman, free
You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Show FCA detail (10 permissions)

Acting as a CBTL advisor
Acting as a CBTL arranger
Advising on investments (except on Pension Transfers and Pension Opt Outs)
Advising on regulated mortgage contracts
Arranging (bringing about) deals in investments
Arranging (bringing about) regulated mortgage contracts
Credit Broking
Debt-counselling
Making arrangements with a view to regulated mortgage contracts
Making arrangements with a view to transactions in investments

Limits on what they may do

Limited to no debt management plans

Debt counselling Limited to debt counselling excluding the administration of debt management plans In this limitation debt management plans are defined as: a non-statutory agreement between a customer and one or more of the customer's lenders the aim of which is to discharge or liquidate the customer's debts, by making regular payments to a third party which administers the plan and distributes the money to the lenders.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number: 10128982 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 18 April 2016 (10 years old)
Registered office: F6 The Bloc Springfield Way, Anlaby, Hull, HU10 6RJ, England
Nature of business: Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Joseph Leon Schwok	Director	Nov 1971	18 Apr 2016	None
Joe Schwok	Secretary	Not published	18 Apr 2016	–

In the full report: every company its directors have run

Confirmation that its director runs no other company

Filed accounts and finances

Year to 30 April 2025Micro-entity accountsNot audited

Net assets

£30.1k

+3.3% from £29.1k

Employees (average)

3

Same as 3

Owed within a year

£11.8k

−55% from £26.0k

Assets and liabilities

In the full report: all 7 years of accounts

Every year from 2019 to 2025
The chart, over every year
Every filed figure, year by year

About these figures

Turnover: Money taken from sales in the year, before any costs.
Profit before tax: What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity: Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities: Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank: Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year: Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 10128982. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Cheap Mortgages’s history from the FCA register and Companies House, newest first.

Key events (5) All events (9)

2017

3 January 2017

Regulated by the FCA from this date
FCA imposed a requirement (Limited to no debt management plans)
Became authorised by the FCA

FCA register

2016

18 April 2016

Incorporated at Companies House
Joseph Leon Schwok took control (75–100% of shares)

Companies House

In the full report: all 9 events

All 9 events in its history (5 shown here)
Every director appointment and resignation: 1

Firms connected to Cheap Mortgages

Other FCA-listed firms that share a director, phone number or address with Cheap Mortgages. A link shows who the firm is tied to, not whether either can be trusted.

connected firms: 5
share its postcode: 5

In the full report: all 5 connected firms, named

How each is linked: the same postcode (5)
Who links each one: the named directors, with dates

Firms like Cheap Mortgages

Other firms of the same type (mortgage adviser or broker), nearest first.

In Hull

P&D FinancialHullAuthorised Pride Protect Life LimitedHullAuthorised Sutton Mortgage Brokers LtdHullAuthorised Acorn Associates Inc. LtdHullAppointed representative I Am A Mortgage Broker LtdHullAppointed representative Kerry Wagner Mortgages LtdHullAppointed representative

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Cheap Mortgages

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

Every company its directors have run, named
3 background checks on its contact details
7 years of accounts, charted
All 9 events in its history
5 connected firms, named, and who links them

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Cheap Mortgages Limited FCA authorised?

Yes, Cheap Mortgages Limited (FRN 760202) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since January 2017 and works as a mortgage adviser or broker. The FCA has placed a limit on what it may do.

What is Cheap Mortgages’ phone number and website?

The FCA register lists the phone number 01482 363546 and the website cheapmortgages.biz for Cheap Mortgages. If you were given different contact details, use these to check with the firm before going any further.

Is Cheap Mortgages a scam or clone?

Cheap Mortgages is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.

Is my money safe with Cheap Mortgages?

Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Cheap Mortgages to the Financial Ombudsman Service, free of charge.

Who owns Cheap Mortgages?

Companies House lists one person with significant control of Cheap Mortgages: Mr Joseph Leon Schwok (75–100% of shares).

Who runs Cheap Mortgages?

Companies House lists one director of Cheap Mortgages: Joseph Leon Schwok.

How long has Cheap Mortgages been in business?

The company was formed on 18 April 2016, and has held its current FCA authorisation since January 2017.

What do Cheap Mortgages’ latest accounts show?

Its latest accounts, to 30 April 2025, show net assets of £30.1k (+3.3% from £29.1k).

Does Cheap Mortgages use any other names?

It has previously used the name AI Mortgages.