No Broker Fee Declaration

Mortgage of Choice is a No Fee Broker.

At Mortgage of Choice we are passionate about providing the highest level of customer service whilst remaining firmly committed to our principle of No Broker Fee. This applies to all of our customers, regardless of personal circumstances, and further reinforces our commitment to the principles of Treating Customers Fairly.

How Does Mortgage of Choice Get Paid?

Currently, the majority of lenders pay a commission to brokers who arrange mortgages with them. This is called a Procuration Fee which is generally based on a part percentage of the loan amount, typically around 0.35% on a prime, mainstream mortgage. The level of commission increases as the case scenario moves through Buy to Let and on to the more complex and time consuming mortgages such as Adverse (Bad Credit).

• Under mortgage regulations customers must be supplied with a Key Facts Illustration before making any commitment to proceed. This document confirms all the key terms and conditions of the mortgage product being recommended, including the Procuration Fee being paid by the lender to the broker.

Please view Step by Step which shows how we take all our customers from initial enquiry through to mortgage completion. Following your first contact we provide a copy of our Initial Disclosure Document which confirms the scope of the Mortgage of Choice service, including our No Broker Fee status.

Driven by Your Future Recommendations….

We are always delighted when customers express their satisfaction by recommending the Mortgage of Choice service to their family, friends and work colleagues – no expensive advertising helps us to remain ‘Your No Fee Broker’.
Customer Feedback.

CAN WE HELP TO SECURE THE MORTGAGE THAT’S RIGHT FOR YOU?