Mortgages
For most people, your home will be the largest single investment you will ever make, so making the wrong decision can become a very expensive mistake. Taking the wrong mortgage can end up costing thousands extra over the lifetime of the loan, and what appears to be the cheapest on day one will not always prove to be so over an extended period of time.
Furthermore, to add to the confusion, there are now a bewildering number of mortgage types available to select from. We've written an overview of some of these in the accompanying pages, but to make a truly informed decision, call us on 0191 5214408 and ask for an appointment with one of our advisers.
Your home may be repossessed if you do not keep up repayments on your mortgage
For mortgages, you have a choice how we are paid.
No fee. We will be paid commission by the lender
A minimum fee of £200.00 payable at application stage or on completion of the mortgage; normally on completion. Typically the fee will be £200.00 but will depend on your circumstances. We will also be paid commission from the lender.
A fee of £150.00 per hour, payable at application stage or on completion of the mortgage; normally on completion. Typically the advice process will take 6 hours, which would be a fee of £900.00. The fee is subject to a minimum of £600.00. We will refund any commission from the lender.
You will receive a Key Facts illustration when considering a particular mortgage, which we will tell you about and any fees relating to it.