For most of our day to day business the insurers, banks and lenders pay us a commission/brokerage when you draw down a loan or take out a policy. So usually our service is paid for by the lender/insurer. The banks/lenders/insurers pay us a commission because we are a cost effective way of introducing business to them and we do all of the initial work of introducing you to them.
There are rare times we do charge a fee, this may be to cover work done whereby we do not get paid a commission by the lender. Fees are always agreed upfront if charged at all. Situations that may incur a fee are:
* A bit outside the square such as bridging finance (sometimes) and asset lends
* A lender that doesn’t pay us brokerage that we used as your situation is ‘outside the square’
* Commercial finance, sometimes personal loans
* Caveat loans, development finance, business lending
We would always discuss any fee up front and payment is often made when a loan is drawn down unless otherwise stated.
We do prefer that any applications with our lending partners come via us otherwise a fee may apply if using our service simultaneously with another bank or broker.
You can call us on 0800 000 517 or email Craig at firstname.lastname@example.org.
Contact us to discuss your options today.