Mortgages Birmingham
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How Fee Free Mortgage Advice Works Birmingham

Your home may be repossessed if you do not keep up repayments on your mortgage.

The biggest question we get here at Search Mortgage Solutions is how can we afford to give you mortgage advice when we don’t charge a fee? Lots of people think that there must be a catch, but to show that this isn’t the case, we’re going to explain exactly how fee free mortgage advice works.

Many mortgage brokers do charge their clients a fee for arranging a mortgage and are adamant that they will continue to do so. The argument is that, because of tighter regulations, arranging a mortgage is much more time consuming, so they need to charge a fee for their work. However, the truth is that these brokers are actually getting paid twice: once by charging a fee to you of up to 1.5% of your loan amount and again through commission which they receive from the lender (known as a procurement fee).

When we started the business ten years ago, our objectives were clear… to always put the client first. And based on the fact that we are a “whole of market mortgage broker”, we wanted to lead the way with being a fee-free broker too. Our business model was set up to allow this and, as a result, we save our clients several hundreds of pounds of initial set up fees which are unnecessary, instead taking our payment in the form of commission from the lenders.

Brokers who do charge a fee argue that this allows them to give a much better service and that they’ll go the extra mile, but surely this can be questioned as they will be paid a fee by the client irrespective of the mortgage being approved and completed. It’s much more the case that, as a fee-free broker, you go that extra, extra mile to ensure that you source your clients a correct deal to suit their circumstances and the case completes or there is no fee at all paid to them for all the completed work.

Most potential mortgage clients are not aware that there are fee-free, whole of market mortgage brokers and that they can get the same, if not better, client service from a fee-free whole of market mortgage broker while saving hundreds of pounds both initially and at the point of when the initial rate finishes and is up for a review. During the lifetime of a mortgage, there could be twelve initial rate reviews which could save a client an average of nearly £4,000 on unnecessary costs, simply by using and sourcing a fee-free mortgage broker such as Search Mortgage Solutions.

To find out more about how we can help you to secure your dream home, completely fee-free, be sure to give us a call on 0800 756 7794, request a call back

Advisors arranging the best mortgages from 1000's of deals

Below is just some of the many lenders we work with to get you the right mortgage.

Halifax   & Nationwide Building Society
Aldermore   & Skipton Building Society
Leeds building Society
Scottish Widows
Business as Usual COVID-19 Update
Currently we are operating as normal, we have put a number of procedures in place to help mitigate the spread and limit the impact on the companies operations. Our staff are fully equipped to work remotely from home to answer your mortgage related questions. Your safety and well-being is of the utmost importance to us and so we are closely monitoring the situation with COVID-19 and the mortgage market. If you have any questions related to a new or existing mortgage then we are a mortgage broker that is happy to help answer them. Thankfully, none of the Search Mortgage Solutions team has been directly affected by COVID-19 and we have taken preventative measures to ensure this remains the case, which includes our staff working from home where necessary.
I want to reassure you that our service will continue to function as normal. All enquiries will still be responded to, and all staff will have full access to all the resources they need.

Search Mortgage Solutions

Search Mortgage Solutions

Search Mortgage Solutions

Search Mortgage Solutions

Search Mortgage Solutions