Charges Explained - Mortgages

We pride ourselves on our mortgage and lifetime
mortgage fee structure. You can be sure no other independent mortgage advisers will match the cost for our high-quality independent service. 

Mortgages

Newstead Clark’s overall mortgage fee is £500 however, we are paid a commission from the lender for introducing mortgage business. Our commission will be a percentage of the loan and therefore, the greater the loan the more we receive. This commission is at no detriment to you (the client) and does not affect the loan deal you will receive. In fact, if the commission is more than £500 the fee you would pay to Newstead is £0.

For example:

  • If we get paid a £400 fee from the mortgage lender, you (the client) would be required to make up the shortfall of £100.
  • If we get paid a £600 fee from the mortgage lender, you (the client) would not pay any fee.

Equity Release

We charge a flat fee of £495 for all lifetime mortgage cases.

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