YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Abacus Financial Ltd is authorised and regulated by the Financial Services Authority and is entered on the FSA register under reference 461796. We charge a fee for mortgage advice and this is £99. Loans are subject to status, value and type of property. Think carefully before securing other debts against your home. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. The FSA does not regulate all forms of the products or services we provide. Sometimes we may pass your enquiry to our trading style of Abacus Associates. These pages provide generic information about various aspects of financial services advice that we provide either directly or as a referral service through carefully selected partners, as well as possible areas of clients’ financial planning needs. We hope they are helpful to you but they do not, on their own, add up to proper advice and we cannot take responsibility for anything you do in reliance on them without further discussion with us. Please do not make a decision based upon the information contained within these pages alone. They are not detailed or comprehensive enough to enable you to make an informed decision which is tailored to your circumstances and needs. Abacus Financial Ltd is registered in England, Registered number 5301473, Registered Address: 4 Thomas More Square, London E1W 1YW. VAT Registration Number 977 2291 81
Fee Structure
Mortgage lenders (such as banks and building societies) can only offer you a mortgage from their own limited range and many mortgage brokers may not give you affordable genuine advice based on the fact that they only work from a limited number of lenders (or panel.) In addition, some mortgage products are only available when approaching a bank direct.
Our transparent fee structure results in you getting genuine advice, giving you peace of mind that we have considered both intermediary mortgage rates AND direct-to-lender rates, before recommending the right one for you. Here’s how it works:
£99 Advice Service
Once we have discussed your individual requirements and reviewed the many mortgage products on offer, we may recommend a mortgage that is only available directly from a lender. Or we may advise you to stay with your existing lender, because the mortgage you currently have cannot be beaten. In either case, we will not be involved in arranging the mortgage and the mortgage lender will not pay us any commission, which is why we charge you an up-front fee of £99 so that we can afford to offer you genuine advice.
£99 Advice & Arrangement Service
Alternatively, if, after reviewing the options, we find that the most suitable deal is a mortgage which we are able to arrange for you, then, in addition to your £99 fee, we would also be paid commission by the lender for the work involved in applying for the mortgage.
We think that this method is fair and transparent. It means that you can count on us to offer you genuine advice. This also means that we are a fee-charging 'whole of market' mortgage broker.