||What does this cover?
Mortgage advice service for residential, consumer buy-to-let or business buy-to-let mortgages.
- Mortgage research
- Recommendation and implementation (application, administration of arranging the loan)
Up to £1,000 (we also receive commission from the lender).
We typically charge a fee of £495. The maximum fee is £1,000 and the minimum is £150.
Fees vary according to individual circumstances and we will agree our fees with you before we undertake any chargeable work. This fee is for advice, research, recommendation and implementation.
Our fee is payable upon application, on offer of the mortgage or on completion of the property purchase and is tailored to each individual client circumstance. This will be agreed with you prior to starting any chargeable work.
You can request to view the commission rates from each of the lenders we have considered at the time that we make our recommendation to you. The amount of commission will vary depending on individual circumstances, the lender and product. The exact amount of the commission will be explained to you before you apply for a loan.
You will receive a mortgage illustration when considering a particular mortgage that will tell you about any fees relating to it.
If you ask us to refer you to a specialist broker for second charge lending, we will receive a payment from the broker if they arrange a loan for you. The amount of the payment will vary according to circumstances but will typically be 4% of the loan amount subject to a minimum of £500 and a maximum of £2,000.
For Lifetime Mortgage and Home Reversion Schemes we typically charge a fee of £495. The maximum fee is £1,000 and the minimum is £150.