Solve Mortgages is committed to ensuring that everyone has access to exceptional mortgage advice without the worry of hidden fees. Our charging structure is crafted to be fair and clear, reflecting our belief that the compensation received for our services should be commensurate with the effort and time invested.

 

​​Our philosophy is on minimising our costs to offer fee-free mortgage advice whenever possible. We believe in fair compensation for the time invested in each case. We do not charge fees prior to application on standard residential mortgages; however, fees may apply prior to application or on completion for some of our services.

 

Our Charges - Mortgages

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A complimentary initial consultation is included free of charge on all mortgage services.

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The time it takes to process a mortgage application is the same, whether it's for £50,000 or £500,000. However, the procurement fee we receive from lenders varies significantly. As a result, we have established a fee structure based on the procurement fee we receive from the lender.

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Should the predicted procuration fee we receive from the lender be equal or more than £700 there will be no additional fees charged.  Therefore our mortgage service won't cost you a penny!

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However, if you borrow less than £200,000 the procuration fee might not cover our completion fee. In such instances, you will be required to pay the shortfall. For instance, if the commission amounts to £350, you will be charged £350. 

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Additional Charges

An additional charge of £195 will be payable for:

​Debt consolidation.

Adverse credit.

Complex Incomes.

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An additional charge of £295 will be payable for:

All Bridging Finance

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An additional charge of £495 will be payable for:

Foreign national applications.

Applications where foreign currency is used.

EX Pat applications.

Buy to Let Applications including Limited Company & Portfolio Landlords

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Our Charges - Equity Release

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A complimentary initial consultation is included free of charge on all Equity Release cases.

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Equity Release involves significantly more work than a standard mortgage, but the commission received from lenders is substantially higher than that of a mortgage.

 

We do not charge any up front fees, however our minimum completion fee is £1250. The commission we receive from the lender will be used to cover this fee, and often, no additional fees will be charged. Typically, if you borrow less than £80,000, the commission might not cover our fee. In such instances, you will be required to pay the shortfall. For instance, if the commission amounts to £900, you will have to pay us £350. Rest assured, the maximum fee will not exceed £495

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Our Charges - Protection and General Insurance

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Our insurance services are always provided free of charge.  A commission will be received from the Provider and this will always cover our costs.