Services
Whole-of-Market Service - No Fee This is where we recommend the best deals from all the mortgage lenders that pay intermediaries commission for introducing mortgage business to them. This accounts for 85% of the mortgage market in 2010* Many brokers and IFAs charge an Advice Fee (typically £250 - £750) in addition to receiving commission. I don’t think it is ethical to charge you a fee where commission is received from the lender (in what other industry would you be happy for the seller to be paid twice for completing the same task?). We will not charge you an Advice Fee with the Traditional Whole-of-Market Service *estimated market share of gross mortgage lending in 2010 as per figures provided by the Council of Mortgage Lenders |
100% - All-of-Market Service This is where we look at all the mortgage deals available, from every lender, including those where no commission is received from lenders. If the best deal for you is one where the lender pays us a fee, you will not be charged an Advice Fee. £25 - on submission of your mortgage application (refunded if your application is rejected by the lender) This means that you do not pay in advance of receiving the service (i.e. you have no risk) It is often the case that where a lender does not pay commission to an intermediary, they will not allow the intermediary to apply on the applicant’s behalf. This means that you may have to apply in person at the lender’s local branch, or on-line and that you would be responsible for chasing the lender and in dealing with any problems that occur. I therefore recommend that this service should only be chosen by those who are comfortable in dealing with their financial affairs and whose circumstances/requirements are uncomplicated. |
Steve is always on the other end of the phone. He is very helpful and friendly, and explains the complicated financial stuff very clearly. We have recommended him to many friends, almost all of which are now using him.
| What Do You Receive? | Traditional Whole-Of-Market Service |
100% - All Of Market Service |
| Independent Advice |  |
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| Lending Criteria Check | |
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| Evidence of Research Undertaken | |
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| Personalised Illustration(s) | |
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| Written Recommendation Report | |
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| Completion & Submission of Mortgage Application | |
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| Regular Updates on Progress of Application | |
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| Mortgage Offer Check | |
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| Independent Insurance Advice | |
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| Recommendation of Solicitors | |
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| Gateway to Other Services | |
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Where allowed by lender – some mortgage lenders require that you apply personally. If this happens we will provide as much guidance and support as possible |
Thanks for all your help with the flat and for sending me the lovely card, I'm still in the throes of unpacking boxes and painting rooms. I'll be certain to pass on your details to my friends and colleagues if they need assistance.
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