How we are paid
At our preliminary meeting we'll discuss how we are to be paid for our services. You will not incur any charges until we have reached agreement on this. We could be paid by any combination of the following:
-
A direct hourly-based fee depending on the complexity of the case and the time spent
-
Portfolio-based fees expressed as an agreed percentage of the investment to be managed. These will cover the initial work and the continuing management
-
If you prefer, we can currently be paid a commission by the provider of the product. The cost of commission is included within the provider's product charges, so there is nothing you need to pay us at the time, but the cost will be borne by you via your products. The amount of commission is based on a percentage of the premiums payable or sums invested. This option will be withdrawn by regulation by the end of 2012, except for contracts of pure life assurance.
If you ask us to arrange a mortgage we can be paid by fee or commission. If you choose to pay us by fee our typical charge would be £500, depending on complexity.
Whether we take our remuneration by way of commission or fees will be a matter of discussion and agreement throughout our relationship. We will inform you if VAT applies to our fees.
Please examine our Client Agreement and our Key Facts Disclosure Document under Legal information for more details of our fee structure and costs.
Think carefully before incurring other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
