Free Mortgage Advice
We don't hide our charges
What fee is reasonable?
It is probably fair to say that we currently live in a cost concious society, and due to this its understandable that consumers shop around for services and products based on cost. But free isn't always the best in the same way that the most expensive does not in any way guarantee you a quality service. It's commonplace for Mortgage Intermediaries to charge a fee either for advice or for the administration of a Mortgage application. Just be wary of paying too much! But how much is too much? That's a matter of opinion, and many Mortgage firms charge a percentage of the Mortgage advance, so the fee could run into thousands! Now who does that benefit, you or the Firm charging an extortionate amount? We charge an adminsitration fee for processing your Mortgage, because it is costly to do so. Hanging on the phone for an hour just to get through to a Lenders processing centre is a pre-requisite, so it's easy to see how costs can mount for us to ensure you recieve the quality of service you expect.
Standard applications
'High Street' Mortgages
Our fee for this type of application is £249, with a £99 fee paid at the time you make an application and the remainder payable upon receipt of your Mortgage offer. These types of applications are usually less complicated, so therefore require typically less man hours to fully administer. This fee is completely waived if you arrange a suitable Life Assurance policy through James Raynor (subject to terms and conditions).
Complex applications
Self Certified, Adverse or Buy to Let
These types of applications are usually much more complex and therefore time consuming to fully administer so our fee is higher at £495 to reflect this. £99 is required to be paid upon application. Again our fee is waived if you arrange a suitable Life Assurance policy through James Raynor (subject to terms and conditions).
Do you charge an upfront fee?
At James Raynor we charge a fee of £99 upon application and this is to cover the time we have spent in researching the Market and preparing paperwork for you. The remainder of our Administration charge is payable upon completion of your Mortgage. Should you arrange a Life Assurance policy through James Raynor we agree to refund your £99 fee (subject to terms and conditions)
What if we don't obtain an offer?
Then we do not charge you
If we fail to get your Mortgage Offer then we do not charge the remainder of our fee.
Disclaimer
James Raynor is Authorised and Reulated by the FSA (463141). You may be charged a fee for the processing of your application and this fee and we estimate that this fee will be £195. Your Home is at risk if you do not keep up the repayments of a Mortgage or any other loan secured against it.
