As directly authorised and fully professional mortgage advisers we are a fee charging company.
The precise amount will depend upon your circumstances typical examples are below:-
Standard case including buy to let (no adverse)
1% of the Mortgage applied
1 . 5% of the mortgage applied.
First time buyers (not owned a property in last 12 months)
Equity release / Lifetime Mortgages
2% of the Equity release / Lifetime mortgage. (Minimum fee £1595)
+ Reviewable Service
Min (£295) – Max (£1295)
• MTL will only charge an administration fee of up to £295 for our ongoing reviewable services if this option is taken. This applies to the property on which the mortgage is being arranged and is only transferable to a new property following a sale and purchase.
Commercial Mortgages and Bridging loans
The above fee structure is applicable to residential and Buy to let mortgages only. Commercial mortgages will be charged on a case by case basis but typically 1% of the loan (minimum fee £995)
Mortgage Taylors May in certain circumstances charge upfront non refundable fees, this will be advised and disclosed by your adviser as part of your terms of business and any disclose / illustrations.