Personal Touch Financial Services

Information about our fees

Fees for mortgage/equity release advice may vary depending on which one of our advisors you are referred to.  The way that you pay for mortgage advice can vary.

Some advisors are paid commission (a payment made to the advisor by a lender/equity release provider for selling one of their products).

Our advisors are 'independent' (i.e. they have access to mortgages from the whole market) and will give you the option of paying a fee for their services to avoid any risk of product bias. 

Details of any fee you will have to pay or whether the broker will be paid by commission will be set out in the Keyfacts about our mortgage services documents (with the "Key Facts"    logo) also known as the Initial Disclosure Document.  This will be issued to you as soon as reasonably practical after our advisor has initially contacted you.
 
You will be offered one of the following options:
 
• No Fee.The adviser will be paid commission from the Mortgage/Equity release provider.  You may choose to pay a fee in order to avoid the risk of any product bias, or
• A set fee.  Offered in either monetary terms or as a percentage of the loan amount.  The advisor will also receive commission from the Mortgage/Equity Release provider, or
• A fee of “up to” a set monetary term or as a percentage of the loan amount.  The advisor will also receive commission from the Mortgage/Equity Release provider, or
• A set fee and the advisors offers to rebate their commission to you that they receive from the Mortgage/Equity Release provider recommended.
 
http://www.moneymadeclear.fsa.gov.uk/products/mortgages/how/fees_and_costs.html