Trafalgar Square normally places its business direct to lenders, and as an independent mortgage broker is therefore allowed to use any lender in the UK.

The company charges fees for administration and consultancy which cover various activities carried out by Trafalgar Square on a client’s behalf.

Fees are charged in two ways:

Mortgages

1A. From mortgage application to offer stage normally takes an administration time of 8 to 12 hours, irrespective of the loan size. Fees are charged as follows:

In the form of an Administration Fee, normally between £399.00 and £749.00 dependent on the size and complexity of the loan. This is due on the submission of an application to Trafalgar Square.

• First or second Mortgage or Remortgage £499.00

• All repeat business Mortgages or Remortgages £499.00

• Arrangement of a Further Advance, Secured Loan or Bridging Finance from £499.00.

• First-Time Buyer Mortgages £499.00

Insurances

1B. From Insurance application to offer stage normally takes an administration time of 2 to 4 hours, irrespective of the amount of cover requested. The fee is charged as follows:

In the form of an Administration Fee, normally average around £399.00 dependent on the size and complexity of the loan. This is due on the submission of an application to Trafalgar Square.

• Arrangement of any General Insurances including Buildings & Contents, Life Cover, MPPI or ASU  £399.00

Mortgage & Insurances

1C.We offer a discounted Administration fee for a combined Mortgage and Insurance application providing it is done at the same time.

• Arrangement of Mortgage and General Insurances including Buildings & Contents, Life Cover, MPPI or ASU  between £399.00 and £599.00

2. In the form of a Completion Fee, which is paid by the lender upon completion of any mortgage, remortgage or loan to Trafalgar Square. This fee is always built into the product cost by the lender.

Both types of fee are paid to Trafalgar Square and pre-agreed prior to the commencement of any work being carried out for a client. All the fees are brought to a client’s attention prior to any application. The Administration Fee protects a client from lender-fee bias.

Services covered in the standard fees

1. Initial Mortgage Review and Fact Find, face-to-face or telephone meeting.
2. Discussion of mortgage strategy options.
3. Research across the whole market to match needs with products available.
4. Preparation of research options.
5. Issue of Key Facts Illustrations.
6. Application submission to the lender on-line or via paper application.
7. Organisation of general insurance requirements where required.
8. Collation of required documentation for the lender.
9. Communication with vendor or estate agents as instructed.
10. Regular communication with clients throughout the application process.
11. Communication with lender underwriters for production of the offer.
12. Offer details checking.
13. Guidance to exchange of contracts.
14. Liaison with estate agents and solicitors to organise completion.
15. Liaison with solicitor to fulfil all lender conditions.

Additional services not covered in the standard fees

1. Organisation of life assurance requirements where required.
2. Organisation of solicitor’s instruction where required.
3. Organisation of the survey.
4. Analysis of the survey report.
5. Organisation of valuer comparables if required.