STANDARD RESIDENTIAL MORTGAGES
£499typical advice feePayable on mortgage offer.
The fee can vary depending on the complexity of the case. The actual fee will be agreed at the outset and shown in the relevant disclosure.
Discuss your caseKNOW THE COST BEFORE YOU PROCEED
Clear fees.
No guesswork.
The advice fee depends on your circumstances and the work involved. Anwar will explain the fee and when it is payable at the outset.
Your home may be repossessed if you do not keep up repayments on your mortgage.
BUY-TO-LET MORTGAGES
0.5%typical fee, based on the loan size£500 on offer.
Balance on completion.
The fee and payment stages are agreed at the outset. Ask Anwar to confirm the actual amount for your application before proceeding.
Buy-to-let adviceWe also receive lender commission.
Mswitch receives commission from the lender when a mortgage completes. The amount is disclosed in the lender’s documentation. You can ask to see commission rates for the lenders considered when a recommendation is made.
Our lender access is not the entire market. We consider the products and lenders available through us, excluding deals available only by going directly to the lender.
Other costs can apply.
Lender product fees, valuation costs, legal costs and early repayment charges are separate from the Mswitch advice fee. Anwar will help you understand the relevant costs when comparing options.
If a fee is added to the mortgage, interest is charged on it over the loan term. This can increase the total amount you pay, even though it reduces the amount paid upfront.
Insurance advice
For non-investment protection and general insurance, our supplied Services & Costs document provides for commission from the insurer or provider rather than a separate advice fee. The relevant arrangement will be explained before you proceed.
Read the full terms.
The Services & Costs document explains the service, fee conditions, cancellation and termination terms. It also addresses fees if material information is not disclosed or you decide not to proceed after a recommendation. Ask Anwar to clarify anything before agreeing.
Read Services & CostsQuestions about fees
When will I know the advice fee?
Anwar will explain the actual advice fee and payment timing at the outset. Ask about any charge before deciding whether to proceed.
Does lender commission replace the advice fee?
A mortgage advice fee can apply as well as lender commission. Both should be understood before you proceed.
Are product transfer fees the same as remortgage fees?
Ask Anwar to confirm the fee for your particular product transfer or remortgage. Do not assume a fee is waived or unchanged without checking.
Can I add the advice fee to my mortgage?
Where the lender and product allow this, it may be possible. Interest will be charged on the added amount and total repayment costs can increase.