How we are paid
On receiving an enquiry we invite a prospective client to come to our offices for a preliminary meeting. The purpose of the meeting is firstly to establish whether we are able to assist with the prospective client’s needs and objectives and secondly to discuss how we would be paid for our services should we be instructed to proceed. There is no charge for this preliminary meeting and no obligation on either side.
After / or at the initial free consultation, we will agree with you the work that is to be conducted and the fee that will be payable. This fee will be discussed verbally and we will also confirm it within a separate document. There will be options for paying the fee, normally it can be paid directly by you or it can be deducted from any product that we recommend.
Fees will usually be based on time spent and evaluated at a rate per hour calculated to recover our costs. Some fees payable will attract VAT, if VAT is payable we will make this clear within our fee document.
For most Protection Products commission is still paid by the Product Provider recommended. Any commission being paid to the adviser will be disclosed prior to the application being submitted.
Whether we take our remuneration by way of commission or fees will be a matter of discussion and agreement, and no charges for fees will be made without prior notification in writing.
If you ask us to arrange a mortgage for you we can be paid by either commission or a fee. If you decide to pay by a fee only, this will be based on a percentage of the amount being borrowed and will be payable directly by you. If you choose for us to be paid directly by the lender, we will confirm the amount being paid prior to the application being submitted. In addition for time taken to research the marketplace and to look for the most appropriate deals we will charge you a fee of £300, this is payable upon completion and is payable on all mortgages.
Your home may be repossessed if you do not keep up repayments on your mortgage