How we are paid
On receiving an enquiry, we invite a prospective client to come to our offices for a preliminary meeting, or we will attend you at your home or place of work. The purpose of the meeting is firstly to establish whether we are able to help with your needs and objectives and secondly to discuss how we would be paid for our services should we be instructed to proceed. There is no charge for this preliminary meeting and no obligation on either side.
After the initial free consultation, we will agree with you whether you pay us a fee, or we are paid out of the cost of any financial product you buy (commission). We will always tell you about any commission we earn and it will be taken into account in working out our fee.
Commission is paid to an IFA firm by a provider, usually an insurance company or an investment house, for the successful placing of business. The commission is included within the providers product charges, so there is nothing you need to pay us in addition to this. The amount of commission or fee is based on your advisers' qualification and knowledge, together with the time taken to research and build a solution.
Whether we take our remuneration by way of commission or fees will be a matter of discussion and agreement, and no charges for fees will be made without prior notification in writing.
For mortgage advice we charge a fee of £195.00, for more complicated cases this could rise up to 0.5% of the mortgage loan, but as with all our fees and charges your agreement is needed before we proceed with any arrangement.
Your home may be repossessed if you do not keep up repayments on your mortgage.