01275 399299
info@manormortgages.com

Fees

We've been serving Brokers for over 20 years

 

Proc Fees

ALDERMORE 0.35%
BIBS 0.35%
BLUESTONE 0.35%
BUCKINGHAMSHIRE 0.50%
CASTLE TRUST 0.50%
DUDLEY 0.35%
FAMILY BUILDING SOCIETY 0.4%
FLEET 0.35%
FOUNDATION 0.35%
HARPENDEN 0.35%
LANDBAY 0.40%
LENDINVEST 0.40%
MAGELLAN 0.50%
MASTHAVEN 0.40%
PEPPER 0.35%
PRECISE 0.45%
SHAWBROOK 0.35%
THE MORTGAGE LENDER 0.35%
TIPTON 0.35%

Submission Fees

We charge a £50 research fee, payable upfront. Should we not be able to place the mortgage the £50 will be immediately refunded
We also charge a £150 submission fee, in addition to the lender’s valuation and application fees
Should a case be declined during initial underwriting and cannot be replaced, you will receive a full refund of the processing and research fees (unless the application is declined on undisclosed information)
If a more detailed survey is required, please contact us

Completion Fees

Standard fee charged is £300, but this will depend upon the complexity of the case, confirmation will be given to you during initial discussion; this can be increased to include the fee you are charging. This fee will be collected by us at completion and forwarded to you free of charge
All fees will be disclosed on your key features illustration which is provided prior to the application

Non Panel Placement Service

Our main panel consists of lenders which allow us to process mortgage applications on a business to business basis
From time to time we will encounter a case where our main panel is either unsuccessful or uncompetitive
Where our business introducer can submit this case direct to our non-panel lender we will offer a Placement Only Service
This service utilises the 20 years’ plus skills, experience and expertise of staff, in the placement and processing of mortgage applications

Placement Only

Your enquiry will be handled in the same way as with our panel cases, with a DIP being submitted with the initial placement fee of £50. Should the placement process result in a non-panel Lender, you will be provided with all the details of the rates and fees for that Lender, which will allow the selection of a product meeting your clients’ requirements

Having confirmed the product and fees are acceptable, we will require a one off payment of £495, which is fully refundable should the lender fail to offer the case based upon the information supplied by you. This does NOT include undisclosed credit/adverse, poor Bank Statements, valuation problems or incorrect application information etc.  Should the client lose the property we will assist when a new property is found, free of charge

Our Underwriters will then provide you with:

1.      A full DIP acceptance from the Lender based on the information you have provided to us
2.      All case notes and discussion information between us and the Lender
3.      A full list of underwriting requirements
4.      A KFI produced to your specified requirements in your Company’s name

Underwriters will then work with you to transfer the DIP into your Company’s name, and provide technical support during the application process. Should you encounter any problems we will use our contacts and expertise to provide a solution. We will have  no contact with your client in any regulatory capacity; the case will remain entirely your responsibility under MCOB rules. Should you wish to use our Solicitors’ panel, you will receive support from our legal manager from offer to completion.  You will also be paid £100 for using this service. Should you wish us to charge a completion fee, we are happy to collect this and forward funds to you.