Proc Fees
Submission Fees
We charge a £50 research fee, payable upfront. Should we not be able to place the mortgage the £50 will be immediately refunded
We also charge a £175 submission fee, in addition to the lender’s valuation and application fees
Should a case be declined during initial underwriting and cannot be replaced, you will receive a full refund of the processing and research fees (unless the application is declined on undisclosed information)
If a more detailed survey is required, please contact us
Completion Fees
Our completion fees vary depending on the loan amount:
Up to £100,000: £500
Up to £150,000: £450
Up to £200,000: £400
Over £200,000: £325
All fees will be disclosed on your key features illustration which is provided prior to the application
Non Panel Placement Service
Our main panel consists of lenders which allow us to process mortgage applications on a business to business basis
From time to time we will encounter a case where our main panel is either unsuccessful or uncompetitive
Where our business introducer can submit this case direct to our non-
This service utilises the 20 years’ plus skills, experience and expertise of staff, in the placement and processing of mortgage applications
Placement Only
Your enquiry will be handled in the same way as with our panel cases, with a DIP being submitted with the initial placement fee of £50. Should the placement process result in a non-
Having confirmed the product and fees are acceptable, we will require a one off payment of £495, which is fully refundable should the lender fail to offer the case based upon the information supplied by you. This does NOT include undisclosed credit/adverse, poor Bank Statements, valuation problems or incorrect application information etc. Should the client lose the property we will assist when a new property is found, free of charge
Our Underwriters will then provide you with:
1. A full DIP acceptance from the Lender based on the information you have provided to us
2. All case notes and discussion information between us and the Lender
3. A full list of underwriting requirements
4. A KFI produced to your specified requirements in your Company’s name
Underwriters will then work with you to transfer the DIP into your Company’s name, and provide technical support during the application process. Should you encounter any problems we will use our contacts and expertise to provide a solution. We will have no contact with your client in any regulatory capacity; the case will remain entirely your responsibility under MCOB rules. Should you wish to use our Solicitors’ panel, you will receive support from our legal manager from offer to completion. You will also be paid £100 for using this service. Should you wish us to charge a completion fee, we are happy to collect this and forward funds to you.
