NOTES RELATING TO OUR TERMS
On both mortgage and insurance services we can offer services based
on an individual basis.
Our services are currently limited to clients with an existing
Payment for our services ban be agreed as either commission or
fees ( fee based means you recieve a rebate of any commission)
The following fees apply for my default mortgage service;
NOTE We do not offer mortgages on a non advised basis
Advise process broken down as :
Initial telephone discusion - free
THEN if instructed -
1, For factfinding discussion and recommendation of product type
OR If face to face appointment is required ..........£80 (
includes travel upto distance of 15 miles from B74 - further distance
will incur additional cost for mileage/ time )
B. For research of the products ( including direct / existing lender
deals ) based on rate/ fees/ overall cost/criteria - product type
decided during factfinding ..............£100
The above is usually charged in stages as work is undertaken .
C. Processing of a mortgage deal via our agency ............ 0.1%
of loan , min £300 Max £600
(ie £300 on £300,000 ) * only payable if deal completes.
No processing fee payable if you use our advice and then make a
direct application or do not complete via ourselves - you are free
to use any adviser if they can transact it cheaper
* Remember that if the recommended deal pays us commission
( you will be told before we start processing ) – you get
it all back on completion (via our agency) after deduction of outstanding
fees ( average fee earned on a £300,000 mortgage is £1000
) which may mean a net rebate.
No fee / Commission basis may be available on request.
FOR INSURANCE SERVICES
- For insurance products, again our normal default service is "no
fee* as we take commission" . *We reserve the right refuse
to act on a no fee basis or to offer our services only with a fee
on top of commission ( this will be agreed before any chargeable
work is carried out).
Our optional fee based service will be based on time spent charged
at £60 per hour ( minimum £300 ) again should you prefer
a fee based service, fees are payable in stages , but all commission
is refunded (either a cashback or to enhance product terms)
We use a range / panel of insurers for insurance products , but
due to the nature of the industry we cannot access all providers
, as some will not provide agencies.
On occasions we may make special promotion on a single provider
products - this will be clear from our literature
Our permitted business is advising on and arranging
mortgages, and non-investment insurance contracts
The firm is entered in the FSA's Register http://www.fsa.gov.uk/register
- Our FCA register number is 302287
is also a trading name of Colin Chapman as registered on the FCA