What is it you get for your fee?
You get our expert, regulated mortgage & protection advice and service tailored to your specific needs. We work with you to make sure you get the right advice and the right deal, saving clients time and effort on what is usually the biggest purchase and financial commitment in a person's life.
We will initially have our FEE FREE consultation where we will talk you through the process and our service. We will discuss your needs and circumstances and complete a Fact Find exercise which will give us the information to understand your situation and enable us to get started. Once we have all the necessary information we need we will begin working immediately on your case.
We then will require standard documents i.e. ID, proof of address, income etc. for each applicant. We will tell you exactly what we require. Once we have received these documents, we can progress your case and begin our sourcing and research using our professional experience and expertise in researching the mortgage market finding you the right product.
We will seek to match your needs and requirements to the criteria of the lenders to find a perfect match. The result is the right mortgage and protection products recommended specifically for you.
Once the lender is identified, we will discuss your case with them and make sure they are happy with the basic facts. We then complete the decision in principle form and submit it to the lender. If the lender accepts to lend on this information they will then issue an agreement in principle.
This process can take many hours (and in some cases days) to complete, but by the end of the above stages, you will know there is a suitable lender and mortgage that matches your needs. Up until this point you have still not paid us anything for our time or service, as our fee is only due in part on FULL MORTGAGE APPLICATION.
After this stage is complete and both yourself and the lender are happy to progress, then now we can move forward to 'full mortgage application'. Since we will already have all of your details and documents, we can submit this full application to the lender promptly. Following full submission of an application, the first part of our fee will now become due and we shall issue an invoice. This invoice will be issued immediately following a submission of a full application for our professional services and advice.
Following the submission of the full application, we continue to liaise with agents, solicitors, lenders and yourself until the whole process is completed. You will have full access to us and our services during this time, although it is most likely you will hear from us more than we hear from you during this process. Once the mortgage has been completed the remainder of our fee will be payable.
A typical case will take us around 20 hours worth of work to complete over a 4-6 week period.
Remember you are our client and we work for you. However during the process we undoubtedly do some work for the lender also and they usually pay us a procuration fee for the work we do on their behalf in addition to the advice fee we charge our clients - A list of all lender procuration fees is available on request, however this will be fully disclosed in any mortgage illustration provided before DIP stage.
We do not charge a separate advice fee for our protection and insurance advice as this comes as standard to our mortgage advice service and as our duty of care is to ensure you are advised correctly and adequately protected for all eventualities. Again we are paid by the insurers for the work we do on their behalf, this again will be fully disclosed on any key facts documents before taking a product or policy.
Contact us now and let's get started in helping you today...