Mortgage Terms of Business

  1. The Financial Conduct Authority (FCA)

    The FCA is the independent watchdog that regulates financial services. It requires us to give you this document. Use this information to decide if our services are right for you.

  2. What mortgages do we offer?

    We offer mortgages from the whole market.

  3. Which service will we provide you with?

    We will advise and make a recommendation for you after we have assessed your needs.

  4. What you will have to pay us for this service?

    We will be paid an introductory fee directly from the lender and would not normally charge you any other fee. However, where your particular circumstances require it, an "Administration Fee" of between £200 and £1,000 will be charged and payment will be in advance in most circumstances. This "Administration Fee" is non refundable if for any reason the mortgage case does not then proceed to completion. You would be informed of the amount of any such fee, and your agreement gained for this, prior to the submission of an application form to a lender. Payment of this fee can, with your agreement, be incorporated within the advance received from the lender where circumstances permit or require.

    The amount of any introduction fee that we will receive from the lender and, if we charge an administration fee, details of this, will be shown in the mortgage specific Key Facts Illustration (KFI) that will be provided to you prior to the submission of an application form. The KFI will also give details of any other charges made in connection with the mortgage.

  5. Refund of fees - please refer to 4 above

    Administration fees are normally non-refundable.

  6. Other Information

    This Initial Disclosure Document should be read in conjunction with the Terms of Business for Hurst Financial Consultancy Ltd, a copy of which will be provided to you.