Our Fees

We understand that it can be frustrating to find clear information about fees when searching for mortgage advisor services. At First Choice Financial Services, we believe in transparency and want to provide you with straightforward answers. Here's an overview of our pricing structure and payment terms:

Initial Consultations:

Our initial consultations are free of charge. We offer this because it's essential for you to determine if we are the right mortgage advisor for your specific needs, and vice versa. We want to ensure that we can genuinely assist you and that our services align with your circumstances.

Flat Fee: Typically, we charge a flat fee of £499 for Mortgage advice and £699 for Equity Release***. This fee becomes payable when your mortgage lender issues the mortgage offer. The fee is collected at that point, after the lender, in collaboration with us, has assessed your documentation, conducted a property survey, completed due diligence, and approved your mortgage application. For equity release this is paid on completion

Fee Promise: We have a fee promise in place. If we don't secure approval for your mortgage, we will not charge you any fees. This promise extends for the lifetime of your mortgage. Additionally, we will not charge you another broker fee during your mortgage renewal**.

What's Included in the £499 or £699 Fee:

When you pay the fee of £499 or £699, you receive the following services and benefits:

Mortgage and Equity Release Advice: We guide you in finding the right lender and the most suitable mortgage terms for your specific requirements.
Mortgage and Equity Release Submission: We handle all the necessary paperwork to ensure your case is allocated to an underwriter.
Insurance Advice: We provide comprehensive insurance recommendations that fit within your budget.
Legal Instruction: We initiate the legal process by opening the legal case on your behalf.
Initial Legal Paperwork Completion: We assist in completing the necessary legal paperwork accurately from the start.
Property Survey: We ensure the appropriate survey is conducted for the property you intend to buy or remortgage.
Third-Party Liaison: We act as intermediaries between you, estate agents, lenders, surveyors, solicitors, and insurers to streamline the process.
Ongoing Support: We are committed to providing support throughout your mortgage and Equity Release journey. You can reach out to us via phone, email, or message if you have any questions or concerns. We want to ensure that you feel at ease and have a stress-free experience.

If our service aligns with your requirements, please feel free to contact us.

We'll arrange an initial chat to discuss your needs, and we can proceed from there.

We are excited to meet you and assist you with your homebuying or remortgaging plans.

**During mortgage renewal, no additional broker fee will be charged. However, an administration fee of £99 may still apply.

***In certain cases, such as adverse credit or debt consolidation, additional work may be required, leading to a fee higher than our typical £499. Fees for such cases will be discussed, agreed upon, and confirmed in writing before any work or advice is provided. The typical fee for debt consolidation or cases involving adverse credit is £699, payable upon mortgage offer.