At the Mortgage Finance Store we try to provide a range of services to meet every clients needs, these include:
- Mortgages
Your home may be repossessed if you do not keep up repayments on your mortgage. - Lifetime Mortgages
A Lifetime Mortgage will reduce the value of your estate and may affect your entitlement to means-tested benefits and tax status. The impact of not servicing monthly interest payments on a Lifetime Mortgage is that the outstanding debt can grow rapidly, thus reducing the value of your estate. For example, if the interest rate was 7% a year, a £50,000 loan would double to £100,000 after 10 years assuming no repayments are made. This is an example for illustrative purposes only and personalised advice and recommendations should be sought from a qualified professional. You are strongly advised to register a lasting power of attorney. This will allow your affairs to be managed by somebody else if your mental abilities significantly decline. - Life Assurance & Protection
- General Insurance
- Legal Services
- Business Finance Options
Legal Services and Business Finance Options are referred to a third party. Neither The Mortgage Finance Store nor PRIMIS are responsible for the service received.
The Costs of our Services
Mortgages
We typically charge a client fee of £500 payable on completion of your mortgage although this may increase if your case is of a more complex nature. Although the total fee should not exceed 1.5% of your loan amount. We will also receive commission from the mortgage lender in addition to the fees you pay. These fees are subject to the terms and conditions of your signed fee agreement. Example (for illustrative purposes only):
If your mortgage is for £50,000, we may charge a client fee of £750 when your mortgage completes. This equates to 1.5% of the loan. Depending on the amount of work involved in your case, you may receive a discount.
This fee will be paid directly by you on completion, unless it is your wish to add our fee to your mortgage
loan, which will then be paid by your solicitor from the mortgage funds.