Magowan Allen and Associates

Reference number: 800984

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Authorised by the FCA

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

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.

In the full report: 3 background checks

  • When magowanallen.com first appeared online, and whether it can receive email
  • What kind of line 07930 611927 is
  • Who else gives the postcode BT20 3SD
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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 · Arrange equity release 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 (15 permissions)
  • Acting as a CBTL administrator
  • Acting as a CBTL advisor
  • Acting as a CBTL arranger
  • Advising on a home reversion plan
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on regulated mortgage contracts
  • Arranging (bringing about) a home reversion plan
  • Arranging (bringing about) deals in investments
  • Arranging (bringing about) regulated mortgage contracts
  • Credit Broking
  • Debt-counselling
  • Making arrangements with a view to a home reversion plan
  • Making arrangements with a view to regulated mortgage contracts
  • Making arrangements with a view to transactions in investments
  • Providing Credit Information Services

Limits on what they may do

  • Not permitted to canvass off trade premises
    The firm is not permitted to canvass regulated borrower-lender-supplier agreements or regulated consumer hire agreements off trade premises
  • Not to hold or control client assets
    The firm must not hold or control client assets.

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.

Key dates in its history

Magowan Allen and Associates’s history from the FCA register and Companies House, newest first.

2023

6 November 2023

  • FCA recorded a standard requirement (Financial Promotions for own firm, ARs and other members of the group)

FCA register

2018

11 April 2018

  • Regulated by the FCA from this date
  • FCA imposed a requirement (Not permitted to canvass off trade premises)
  • FCA imposed a requirement (Not to hold or control client assets)
  • Became authorised by the FCA

FCA register

Director appointments and resignations, and trading names, appear under All events.

Firms like Magowan Allen and Associates

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

In Bangor

Bright MortgagesBangorAuthorisedIndependent Mortgages & Loans LtdBangorAuthorisedMcDowell Financial Services LtdBangorAuthorisedSimply MortgagesBangorAuthorisedTavistock Protect LimitedBangorAuthorised1 4 U Financial Solutions LtdBangorAppointed 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 Magowan Allen and Associates

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

  • 3 background checks on its contact details
  • All 5 events in its history

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Frequently asked questions about this firm

Is Magowan Allen and Associates FCA authorised?
Yes, Magowan Allen and Associates (FRN 800984) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since April 2018 and works as a mortgage adviser or broker. The FCA has placed 2 limits on what it may do.
What is Magowan Allen and Associates’ phone number and website?
The FCA register lists the phone number 07930 611927 and the website magowanallen.com for Magowan Allen and Associates. If you were given different contact details, use these to check with the firm before going any further.
Is Magowan Allen and Associates a scam or clone?
Magowan Allen and Associates 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 Magowan Allen and Associates?
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 Magowan Allen and Associates to the Financial Ombudsman Service, free of charge.

Sources and links

The full report on Magowan Allen and Associates

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