'How can I check the mortgage
marketplace for the best deal'

Direct Lenders and Intermediary Lenders

Services are engaged on the basis of providing full research from all the ‘direct’ and ‘intermediary’ mortgage products along with the full implementation of the mortgage solution. (Please note that some direct lenders will only implement mortgage solutions direct with client).

Two options are available:

  • Research Only
  • Research and Implementation

Intermediary Lenders

Services are engaged on the basis of providing full research from all the ‘intermediary’ mortgage products along with the full implementation of the mortgage solution.

Two options are available:

  • Research Only
  • Research and Implementation

Your home may be repossessed if you do not keep up repayments on your mortgage.

For mortgages we give clients the option to pay by fee rather than commission. The level of fees will vary according to individual circumstances, but will typically be 0.5% of the loan amount.

Research & Analysis

Research and Analysis Direct Lenders and Intermediary Lenders Intermediary Lenders only
Initial meeting

  • review current personal and financial position
  • examine your circumstances and requirements
  • establish client’s objectives
Free Free
Research & Analysis

  • research appropriate solutions using the best mortgage sourcing system currently available in the UK.
  • access the best mortgage product for your requirement after considering all fees and monthly repayments.
  • produce a mortgage report to summarise the best mortgage products available.
£400  

£300

(Please note the following concessions apply:

Mortgages over £250,000 50% of fee is refundable on completion

Mortgages over £500,000 100% of fee is refundable on completion)

Notes All fees are payable upfront and are non-refundable unless specified otherwise.
You are responsible for booking the rate and making the application.
Please note that rates are constantly withdrawn and replaced.
No refund is payable if you fail to book the recommended rate within 24 hours of the recommendation.
All fees are payable upfront and are non-refundable unless specified otherwise.
Please note that rates are constantly withdrawn and replaced.
No refund is payable if you fail to book the recommended rate within 24 hours of the recommendation.

Implementation

Services include Direct Lenders and Intermediary Lenders Intermediary Lenders only
Present Client  Solution

  • present  merits of the various mortgage solutions
  • cover reasons for recommending product and provider
 

£600

 

£600

These fees are contingent fees and are fully refundable on completion of an ‘intermediary’ mortgage where a commission is generated to cover the cost of our services.
Our firm will be paid a commission by the lender on successful completion of the mortgage.

0r

A fee of 0.35% of the loan amount is payable by the client on completion and we will refund to you any commission we receive from the lender. For example on a mortgage of £200,000 the fee would be £700.

 

Solution Implementation

  • complete relevant paperwork and forward to lender
  • work closely with your lender, solicitor and surveyor to manage the process right through to achieving a satisfactory mortgage offer.
  • you will be appointed a mortgage case handler who will keep you updated with the progress of the mortgage application
  • issue a ‘suitability report’ detailing the reasoning supporting the advice
Notes All fees are payable upfront and are non-refundable unless specified otherwise.
Please note that rates are constantly withdrawn and replaced.
No refund is payable if you elect not to proceed with the mortgage application after the application has been made.
All fees are payable upfront and are non-refundable unless specified otherwise.
Please note that rates are constantly withdrawn and replaced.
No refund is payable if you elect not to proceed with the mortgage application after the application has been made.

Additional Services

Service Direct Lenders and Intermediary Lenders Intermediary Lenders only
Conveyancing quote Quotes available on request Quotes available on request
Building & Contents Quotes available on request Quotes available on request
Accident, Sickness and Unemployment Cover Quotes available on request Quotes available on request
Life Cover Quotes available on request Quotes available on request
Critical Illness Cover Quotes available on request Quotes available on request

For conveyancing we act as introducers only.

Please contact IDFM on 0845 2706160 for further information
or email peter@idfmcity.com
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