Associated costs – read the fine print
Your home may be repossessed if you do not keep up repayments on your mortgage.
It's easy to get carried away when you've spotted a great rate. But be cautious. The devil is always in the detail. A headline rate will not necessarily reflect the true cost to you. Before signing on the dotted line, do your sums. Remember to consider all of the associated costs when buying a property, such as advice, arrangement fees, legal costs and stamp duty. Together, these can amount to a fairly sizeable chunk.
The last thing you need when signing up to the largest financial commitment you're likely to make, is a costly surprise further down the line. Once we've sourced the most suitable mortgage for you, we can help with all the application paperwork and will give you a clear breakdown of costs.
Some lenders will dangle carrots, such as free valuations; free legal costs or they may waive arrangement fees. If these incentives are important to you, we can factor them into our search to find your ideal mortgage partner.
For mortgage advice you can choose how we are paid: pay a fee, usually 1% of the loan amount, or we can accept commission from the lender, or a combination of both, subject to a minimum of £960 if we are arranging the mortgage. For researching a mortgage only, a fee of £95 per hour for researching the market and making a recommendation to you will be payable at the time of recommendation. For example, if research took 3 hours our fee would be £285, with you applying to the lender direct.