By concentrating on delivery, at Trafalgar Square we carefully guide our clients through the entire mortgage process working on your behalf to make sure you are well informed at every stage of an application – from any mandatory FCA requirements*, to exclusive deals we may have access to, right through to completion.
*Applies to Prime Residential mortgages only
Trafalgar Square normally places its business direct to lenders, and as an independent mortgage broker is therefore allowed to use any lender in the UK.
We charge fees for administration and consultancy which cover various activities carried out by Trafalgar Square on your behalf.
From mortgage application to offer stage normally takes an administration time of 8 to 12 hours, irrespective of the loan size. Fees are charged in two ways:
In the form of an Administration Fee of £499.00. This is due for payment on the submission of an applicant to a lender by Trafalgar Square. For specialist, ex-pat and commercial mortgages we will charge a fee of between £499.00 and 1% of the loan amount, agreed upfront with your individual Broker.
In the form of a Completion Fee. This is paid to Trafalgar Square by the lender upon completion of any mortgage, remortgage or loan. This fee is always built into the product cost by the lender.
Both types of fee are paid to Trafalgar Square and pre-agreed prior to the commencement of any work being carried out for our clients. All the fees are brought to your attention prior to any application. The Administration Fee protects you from lender-fee bias.
Services covered in the standard fees: