MENU OF CHARGES – JANUARY 2018

 

Mortgages

All mortgage fees are payable upon completion of the loan.

 

Standard Mortgage                    – £250 *

Buy to Let Mortgage                 – £495

Lifetime Mortgage                    – £495

Shared Ownership                     – £495

Right To Buy                           – £495

Adverse Credit Mortgage           – £595

Bridging Loan                          – £995

Home Reversion Plan                – £995

Commercial Mortgage               – £995

Self-Build Mortgage                  – £995

Further Advance                       – £150

Mortgage Porting                      – £150

Transfer of Equity                     – £150

Rate Switch                              – £150

 

* For a standard mortgage, the fee is waived if you take out a life, critical illness or income protection insurance product within a three month period of your mortgage completing

 

Investments

We charge an initial fee through the investment platform we use on a tiered scale, based on the total amount invested.  The following charging structure will apply each time you come to make a new lump sum investment:-

 

The first £0-£50,000      – charged at 3%

£50,000 to £100,000      – charged at 2%

£100,000 to £250,000    – charged at 1%

£250,000 to £500,000    – charged at 0.5%

£500,000 and over         – charged at 0.25%

 

The minimum fee is set at £600.

For monthly savers, the charges are the same and will reduce once your contributions reach each level.

We will charge a 0.5% renewal based fee, which will be calculated based on the average value of the portfolio over the year.  This fee is for the ongoing advice, support and regular reviews which we provide.

 

Annuities

For annuities taken with the current pension provider we will charge 0.5% of the total pension pot value, after tax free cash is taken, with a minimum remuneration of £200.

For all other annuities we will charge 3% of the total pension pot value, after tax free cash is taken, with a minimum remuneration of £350.

 

Full / Partial Pension Withdrawal – Defined Contribution Pensions

For advising and/or arranging on a defined contribution pension withdrawal, we will charge 3% of the total pension pot value, after tax free cash is taken, with a minimum remuneration of £600.

 

Pensions / Drawdown

We charge an initial fee on a tiered scale, based on the total amount invested.  The following charging structure will apply each time you come to make a new lump sum investment or when we make a change to a pension which you keep invested with your current provider:-

 

The first £0-£50,000      – charged at 3%

£50,000 to £100,000      – charged at 2%

£100,000 to £250,000    – charged at 1%

£250,000 to £500,000    – charged at 0.5%

£500,000 and over         – charged at 0.25%

 

For drawdown applications, the charge is made after payment of tax free cash.  Both pension and drawdown applications have a minimum fee of £600.

For monthly savers, the charges are the same and will reduce once your contributions reach each level.

We will charge a 0.5% renewal based fee, which will be calculated based on the average value of the portfolio over the year.  This fee is for the ongoing advice, support and regular reviews which we provide.

 

Defined Benefit / Final Salary Pension Transfer Advice

Our fees are charged in a two stage process, firstly we ask for an upfront payment of:-

 

£300 per TVAS report    (A TVAS report is a regulatory requirement which must be obtained for each defined benefit pension taken before normal retirement age)

 

We also charge a fee based on the value of the pension (s) you are looking to transfer, on the following scale:-

 

The first £0-£250,000    – charged at 3%

£250,000 to £500,000    – charged at 2%

£500,000 and over         – charged at 0.5%

 

The minimum additional fee is set at £1,500.  The maximum additional fee is set at £15,000.

If the funds are transferred to a new arrangement which we manage, we will charge a 0.5% renewal based fee, which will be calculated based on the average value of the portfolio over the year.  This fee is for the ongoing advice, support and regular reviews which we provide.

 

Other Advice

We will not charge directly for some services such as suitability report writing, but will instead absorb these costs into our other initial fees.

Adviser hourly rate                    – £150 per hour, with a minimum fee of £75

Administrator hourly rate          – £75 per hour

Power of attorney and executor of a will duties will be chargeable at the hourly rate – £150

Professional Letter Writing – £50 per letter

Advice on the best cash ISA rates available – £25 per consultation