TFC Homeloans is delighted to announce we have a brand new fee structure for second charge mortgages. There are two options for you to choose from – whichever one is best for your client.
OPTION ONE – LOW COST
- Your client will pay an upfront £195 application fee to TFC Homeloans and cover their own valuation fee.
- Where the fee is £1,995 on completion we will pay you anything over £995, along with our standard lender commission (typically 1%). Click here to see an example.
OPTION TWO – NO UPFRONT FEES
- Your client will not pay any upfront fees and TFC will cover the cost of the valuation.
- Our fee is £2,995 on completion, of which we will pay you £1,000, along with our standard lender commission (typically 1%). All other costs are included and covered by TFC. Click here to see an example.
Please click here to check out our fee structures across first and second charge mortgages, bridging, commercial and development.
The fastest way to submit a DIP to us and have it processed with an underwriter is to key it straight into our cloud based system 1APP. Click to send your DIP through now or register with us here.
If you have any questions about the new structure please contact us on 0161 694 7900 or email us at info@tfchomeloans.com
