| Q. | At what point does Trafalgar Square start charging fees? |
| A. | Fees only become due when an application is submitted to the client´s choice of lender. Prior to that, all the consultancy, advice and guidance are provided free as part of Trafalgar Square´s service. |
| Q. | If an application falls through, will my fee be returned? |
| A. | Trafalgar Square works for a client with every intention of keeping them happy but retains the right to keep the fee if they have worked on any case for more than 10 days. However, in most instances, it is prepared to issue a client with a Credit Note to carry the fee over to the next case (retaining a non-refundable fee of £150 which covers consultancy and administration costs incurred). |
| Q. | With a buy-to-let mortgage, how quickly can a property be remortgaged? |
| A. | Remortgaging or a Further Advance can occur when a property has been bought under value or it has been purchased and refurbished, enhancing its value. The Council of Mortgage Lenders recommends that lenders require 6 months between purchase and re-finance. |
| Q. | What is the big 'hue and cry' about money laundering? |
| A. | Money laundering is the conversion into legitimate funds of illegal money, brought into the country by individuals, organised crime or terrorists. Millions of pounds each year are laundered in the UK through financial institutions. As a result, brokers are required by law to validate every client´s identity and proof of residence. |
