Fees
Broker fees are often charged because of the time involved with completing accurate fact finding, researching lender rates and criteria, analysing credit reports, keying applications, keeping you informed at every stage, fighting your corner when needed, liaising with your conveyancer, communicating with your estate agent, ensuring mortgage underwriters are satisfied... this list goes on and on!
Not all cases complete due to problems arising with the property, a change of mind or circumstances, even declines (which are rare for my clients) so the commission paid by the lender after completion isn't always guaranteed.
A good broker will ensure you receive value and are 100% satisfied with the service they provide. An example of this is when your mortgage is agreed (at 'Offer') yet your broker will still let you know if the lender reduces rates and will offer to switch you onto a better deal before the mortgage completes - this can save you £100's! They will also keep you informed right up to completion and provide you with quotes for protection and insurance (if required). They may also help you with other aspects of your financial planning and here at Ramsay Financial Ltd we have a strong network of experienced Financial Advisers on hand to discuss your wider Financial Planning needs such as equity release, commercial lending, commercial insurance, pensions and investments and estate planning. Not to mention preferential pricing with a range of trusted conveyancing solicitors - giving you a complete holistic 'one - stop' package!
I charge a clear and balanced set of broker fees, only ever requested at 'Offer'. Therefore my initial advice, research and everything up to and including ensuring the mortgage underwriter is satisfied is free of charge. The fee is requested only when your mortgage is fully accepted by the lender.
| Initial meeting and advice | Free of charge |
| First Time Buyer Residential Purchase | Free of charge |
| Product Transfers (switching product with same lender) | £99 |
| Residential Home Mover | £395 |
| Residential Remortgage (to a new lender) | £395 |
| Re-application within 12 months (due to change of circumstances/decline etc) | Free of charge |
| Buy to Let (individual) | £395 |
| Buy to Let (Limited Company) or HMO/Holiday Let | £495 |
| Complex case (placed with an Adverse Credit lender) | £495 |
Please feel free to contact us at info@ramsayfinancial.co.uk if you would like any further information.
These fees are established as standard charges, but please be aware that they may vary based on individual circumstances.