Fee Statement

On receiving an enquiry we will discuss with you (over the phone if you prefer), whether we are able to assist with meeting your needs and objectives. We will also discuss how we would be paid for our services should we be instructed to proceed. There is no charge for this preliminary conversation and no obligation on either side.

After the initial consultation, we will agree with you whether you pay us a fee, or whether we are paid out of the cost of any financial product you buy (commission). We will always tell you about any commission we earn, and it will be taken into account in working out our fee.

Commission is paid to an advising firm by the provider, (ie the lender or the insurance company), for the successful placing of business. The amount of commission is typically based on a percentage of the premiums payable or loans agreed.

For Investment advice, fees will usually be based on time spent and evaluated at a rate per hour calculated to recover our costs. Fees attract an additional VAT charge whereas commissions, under current legislation, do not. We will always tell you about any commission we earn, and it will be taken into account in working out our fee.

If you ask us to arrange a mortgage for you we normally charge a typical fee of1% of the loan amount.

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.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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