MENU OF CHARGES – JANUARY 2024

Mortgages

All mortgage fees are payable upon completion of the loan.

Standard Mortgage – £350

(Subsequent standard mortgage will be charged at £160 per mortgage)

Buy to Let Mortgage – £530

(Subsequent buy to let mortgage will be charged at £270 per mortgage)

Shared Ownership – £530

Right To Buy – £530

Lifetime Mortgage – £635

Adverse Credit Mortgage – £635

* 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. Please note you will be liable to pay the fee if you cancel this insurance within 12 months of the policy start date.

We refer Bridging Loans, Commercial Mortgages and Self-Build Mortgages to a packager, where we will receive commission for the referral upon completion of the loan.

Investments, Annuities & Pensions/Drawdown

We charge an initial fee through the investment platforms 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 or when we make a change to a pension which you keep invested with your current provider:

The first £0-£70,000 – charged at 3%

£70,000 to £100,000 – charged at 1.3%

£100,000 to £250,000 – charged at 1%

£250,000 to £375,000 – charged at 0.75%

£375,000 to £500,000 – charged at 0.5%

£500,000 and over – charged at 0.25%

Investments

The minimum fee is set at £600.

For monthly savers, the charges are the same. As new monies are invested and net contributions reach each level, these charges will reduce.

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.

For Alternative Investment Market (AIM) portfolios, we charge a one-off fee of £100 and a renewal-based fee of 0.5%.

We will combine initial investments of couples to work out the initial charge.

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 on a tiered basis based on the value of the pension pot value, after tax free cash is taken, with a minimum remuneration of £350.

Pensions / Drawdown

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 combine initial investments of couples to work out the initial charge.

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

For arranging cash deposit products we charge an initial fee of 1.5% of the value of the deposit.

We reserve the right to vary these charges on an individual basis under special circumstances.

Menu January 2024