Putting You First
At Think Plutus we like to think of our fees as paying for success.
We believe it's fair that you only pay for what has been genuinely helpful to you. This is why we won't be billing you until a substantial amount of the work on your mortgage has been completed. Typically, our fee is payable on mortgage application.
Only at this stage, we will be asking for payment of our fee. This will be typically £495 for mortgages to purchase a property, or £295 for remortgages. Any remaining fees, if applicable, will be collected once the mortgage is completed.
The fee covers our service in its entirety, including our dedicated sales support team processing the application for you. It also covers us liaising with all the relevant entities on your behalf: the lender, valuer, estate agents and solicitors.
We work this way to keep the process moving smoothly and ensure all parties work in tandem towards the target date for completion.
What We Do Before You Pay
If you are wondering what we meant when we said "a substantial amount of the work on your mortgage has been completed", it means the following steps will have been undertaken:
- An initial conversation in which we ascertain that we can help.
- A detailed consultation which includes a confidential fact-find to ensure we have all the information we need to give the best advice possible.
- An in-depth research process to identify the products that would be a good fit and, essentially, those which tick all your boxes. (Note: this research process incorporates standard mortgage products, our own exclusive ones, those which are only available through brokers, and those available through private banks. We have access to more than 100+ lenders and 10,000 options!)
- A follow-up meeting to the consultation, in which we present our recommendation and give detailed, expert advice.
- The production of an ESIS document breaking down the costs and monthly payments involved in the mortgage.
- Making contact with the lender and obtaining an Agreement in Principle. This is subject to full underwriting and valuation.
- Gathering the necessary documentation that the lender requires from you, checking for inconsistencies along the way.
- The completion of a full mortgage application, which is then submitted to the lender.