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01223 322278

OUR FEES

About Us

Beauwater Mortgages is a trading style of New Leaf Distribution Ltd is authorised and regulated by the Financial Conduct Authority Number 460421. Registered office 1st Floor Princess Caroline House, 1 High Street, Southend on Sea, Essex, SS1 1JE.

 

There may be a fee for mortgage advice of up to 1% of the mortgage amount. The actual amount payable will depend on individual circumstances. A typical fee payable is £495. You will be advised at an early stage if a fee is payable and the amount. Commercial Mortgages and some types of Buy to Let mortgages are not regulated by the Financial Conduct Authority. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK

Your Home May Be Repossesed if You Do Not Keep Up Repayments On Your Mortgage

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Mortgage Advice Fees

We offer a FREE initial consultation for Mortgage Advice.
During our initial meeting we will complete a fact find so that we can give you the appropriate advice. Once we have made our recommendations to you we will confirm our advice in writing.

Standard residential mortgages

There may be a fee for mortgage advice of up to 1% of the mortgage amount. The actual amount payable will depend on individual circumstances. A typical fee payable is £495. You will be advised at an early stage if a fee is payable and the amount.
 
We may be paid by commission from the lender with a minimum earning of £695 required. This means that should the lenders commission and your fees not total £695 then a further amount will be payable by you to cover the shortfall.
 
Or you could choose a fee only option where you will pay a fee of 1% of the amount borrowed or £695, whichever is the greater and we will pass on any commission paid by the lender to you.
 
For example, a fee of 1% on a loan of £300,000 would be £3000.
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Buy-to-let mortgages

You pay Beauwater £495 payable on application and non-refundable should you choose not to proceed. This fee can be added to the mortgage loan subject to lender agreement. In addition we receive commission from the lender.
 
Alternatively you may pay a fee of 1% and any commission received from the lender will be returned to you after completion.
On a mortgage of £250,000 the fee payable on application would be £2,500.
You will receive a key facts illustration when considering a particular mortgage, which will tell you about any fees relating to it.
For further information please call 01223 322278

Commercial Mortgages

You pay Beauwater an administration fee of 0.5% for sourcing and processing each of your mortgage contracts; £495 payable on application and non-refundable should you choose not to proceed and the balance payable on completion. This fee can be added to the mortgage loan subject to lender agreement. In addition we may receive commission from the lender this depends on each lender.
Alternatively you may pay a fee of 1% and any commission received from the lender will be returned to you after completion. On a mortgage of £250,000 the fee payable on application would be £2,500.
You will receive a key facts illustration when considering a particular mortgage, which will tell you about any fees relating to it.
For further information please call 01223 322278

Insurance & Protection

You do not pay a fee for Life Assurance, Critical Illness, Income Protection, Accident Sickness & Unemployment, Home Insurance, and Private Medical Insurance. We will be paid by commission from the company.
You will receive a key facts illustration when considering a particular insurance policy, which will tell you about any fees relating to it.
For further information please call 01223 322278

Refund of fees

We do not offer a refund on fees, once we have started the mortgage process.
Why not contact us now to see what we can offer you.