When We Charge Fees
Residential Mortgages
Our normal position is that we don’t charge a fee when organising a mortgage for someone’s home. However, there will be instances when additional work is required over and above a normal mortgage application. When this happens, we have to charge a fee to cover the extra time involved in securing you a mortgage. Examples of when we charge are:
| Possible Lending Scenario (where a Client Fee is payable) | Client Fee |
| Guarantor Mortgages | £395 |
| Joint Borrower, Sole Proprietor | £295 |
| Undeclared Credit not disclosed or Adverse Credit where further non-standard research needed | £195 |
| LIFT Scheme or Help-to-Buy (Equity Share) | £295 |
| Complex Income(s) that require us to piece together a proposition for a Lender/Underwriter to assess manually | £250 |
| Self-Build Mortgages | £795 |
| Ex-Pat Mortgages for Family use in the UK | 1% minimum £595 |
| Debt Consolidation – to cover analysis of true cost including alternative options like 2nd charges and personal loans. This is a regulatory requirement. | £95 |
| Retirement Interest Only mortgages | £395 |
The above scenarios are not an extensive list but a representative example of when we have charged in the past. Depending on your precise circumstances we will let you know if an when a Fee will be applicable.
Buy-to-Let Mortgages
With the changes in regulation in September 2016 the treatment and complexity of Buy-to-Let mortgages has increased significantly and we charge according to the structure and time involved.
| Possible Lending Scenario (where a Client Fee is payable) | Client Fee |
| Standard Buy-to-Let Mortgage | £295 |
| Portfolio Landlord – more than 4 mortgaged BTL Properties | £495 |
| Limited Company Buy-to-Let(s) | £495 |
| Ex-Pat Buy-to-Let | 1% minimum £595 |
If more than one mortgage is being arranged at the same time then discounts can be applied – again we will agree your Fee before we start any work on your behalf.