Fee structure
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
Min (£495)
Max (£1995)
Specialist lending
1% of the Mortgage Applied
Min (£1295)
Max (£2695)
First time buyers (not owned a property in last 12 months)
10% discount.
Equity release / Lifetime Mortgages
2% of the Equity release / Lifetime mortgage. (Minimum fee £1595)
Historic Reviewable Service
• MTL will only charge an administration fee of up to £350 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.