We charge a mortgage fee in consideration of preliminary processing, information gathering, planning and research with provision of the advice provided to you in recommending the most suitable mortgage product.
The maximum we charge is 1% of the new loan amount. For example, if the total amount being borrowed is £150,000 our charge could be £1,500. Our typical fee is £495
The amount of the mortgage fee will be based on the complexity of your individual case. We will agree the mortgage fee in writing prior to any mortgage application being submitted to the lender.
As we offer a bespoke service our charges can vary. The mortgage fee doesn’t merely cover the administration of your loan application. It also covers our extensive research, our in-depth knowledge of the market and the mortgage advice you receive from us. The mortgage fee will be VAT exempt unless the work we provide for you only involves advice and or preparing a report, in which case VAT may be applicable. We will always tell you if you must pay VAT before we undertake any work for you.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments