Our Fees Return to all services
We do not charge our clients a fee for our mortgage service unless we are arranging a shared ownership mortgage or an equity release mortgage. Information on these services and our charges are detailed below.
For all other types of mortgage including residential and buy to let purchases, re-mortgages and further advances we do not charge a fee. If you choose to proceed with our recommendation and the mortgage goes ahead, we will be paid commission from the lender for arranging the mortgage on your behalf.
The amount of commission we receive varies from lender to lender. Information about the range of commissions available to us from the mortgage products we recommend is available on request.
You will receive a personalised illustration when considering a particular mortgage. This will highlight the key facts about the mortgage product, including any fees relating to it and the amount of any commission due to us from the mortgage lender.
We do not charge a fee for arranging protection policies, e.g. life and critical illness policies to protect your mortgage or your family. The commission we receive from the protection provider fully covers our costs.
Buildings and Contents Insurance
We do not charge a fee for arranging buildings and contents insurance. The commission we receive from the protection provider fully covers our costs.
For shared ownership mortgages we charge £198 in total for arranging a shared ownership mortgage. This is broken down into two payments:
- For establishing your needs, undertaking research and making a recommendation, we charge a fee of £99. Our fee becomes payable when we provide you with our recommendation(s) contained in a Suitability Report. We will refund this if we do not obtain you a mortgage offer.
- If you choose to proceed with our recommendation and the mortgage goes ahead £99 will be payable upon completion of the property purchase. We will also be paid commission from the lender for arranging the mortgage on your behalf. If the mortgage does not go ahead this fee is not payable.
The initial advice is provided at our expense and without obligation to proceed. You will only incur our fee of £995 if you decide to go ahead. We do not ask for payment until the equity release completes.