Mortgages
Whose products do we offer?
We offer a comprehensive range of mortgages from across the market for first charges mortgages only. Please ask us if you wish to review the list of lenders we offer mortgages from. We cannot access deals that are only available directly from lenders.
If you are purchasing a property with the help of a shared-equity loan, our advice will also cover the shared equity second charge. However, we do not advise on any other second charge mortgages. If you need a second charge mortgage, we will refer you to a master broker for second charges.
Which service will we provide you with?
We will advise and make a recommendation for you on a first charge mortgage after we have assessed your needs.
You may request an illustration from us for any regulated mortgage contract we are able to offer you whenever we provide you with information specific to the amount you want to borrow following assessment of your needs and circumstances.
Alternative Finance Options
If you are looking to increase borrowing secured on a property that you already have a mortgage on, the following alternative finance options may be more appropriate:
- A Further Advance from your existing lender
- A Second Charge
- An Unsecured Loan
We do not offer advice on Unsecured Lending or Secured Charges.
For those seeking a Retirement Interest Mortgage, a lifetime mortgage may be available and more appropriate for your needs.
What you will have to pay us for our services?
We charge a fee of between 0% and 2% of the loan amount payable on offer. The total fee will be based on your personal circumstances, employment record and credit history. For example, a fee of 2% on a £100,000 mortgage would equate to a fee of £2,000. We will provide you with written confirmation on your fee prior to the commencement of any chargeable activity. We will also receive commission from the lender.
If you’d like to know a range of commission payouts from our lenders, please ask me for a list. You will receive an illustration when considering a particular mortgage, which will tell you about any fees relating to it. It is important that you read and understand the illustration.
Insurance
Whose products do we offer?
We can only offer products from a limited number of insurers for life assurance, critical illness cover, income protection, household insurance, accident, sickness and unemployment insurance and cash lump sum accident protection.
We will provide you with an Insurance Proposition Summary leaflet for details of the insurers we offer insurance products from.
Which service will we provide you with?
We are an insurance intermediary representing you, not any insurer. We will provide you with a personal recommendation after we have assessed your needs, limited to the insurance products available to us, as shown in the Insurance Proposition Summary leaflet.
What will you have to pay us for our services?
We arrange the policy with the insurer on your behalf, you do not pay us a fee for doing this. We receive commission from the insurer which is a percentage of the total annual premium. This means that if you purchase on of these products we will receive commission in addition to any adviser charges/fees you may have been or will be paying Openwork for Investment related services. The amount of commission will be disclosed separately should you purchase any of these protection products
You will receive a quotation which will tell you about any other fees relating to any particular insurance policy..