Mortgages

Mortgage
We offer a comprehensive range of products from across the market but not deals that you can only obtain by going direct to a lender.

Second Charges Mortgages
If you are purchasing a property with the help of a shared equity loan, our advise will also cover the shared equity loan, our advise will also cover the  shared  equity  second charge. However, we do not advise on any other second charge mortgages. If you need a second charge mortgage we will refer you to a master broker for second charges, who will be able to advise you.

Which Service will we provide you with?
We will advise and make a recommendation for you on a first charge mortgage after we have assessed your needs. You may request an illustration from us for any regulated mortgage contract we are able to offer you whenever we provide you with information specific to the amount you want to borrow following assessment of your needs and circumstances.

Alternative finance options
If you are looking to increase borrowing secured on a property that you already have a mortgage on, the following alternative finance options may be available and may be more appropriate:

A further Advance from your existing lender
A Second Charge
An unsecured Loan

What will you have to pay us for our services?
A fee of between £295 and £1,492 is payable, a minimum of £245 is payable on application and the remainder will be charged at completion. The total fee will be based on your personal circumstances, employment record and credit history. We will provide you with written confirmation of any fee prior to the commencement of any chargeable activity and it will not exceed 2% of the loan amount. We will also receive commission from the lender. If you’d like to know the range of commission payable from our lenders, please ask me for a list. You will receive an illustration when considering a particular mortgage, which will tell you about any fees relating to it. It is important that you read and understand the illustration.

Our refund policy for mortgage fees
If we charge you a fee and your mortgage does not go ahead, you will receive:

No refund, if you decide not to proceed with the purchase

Insurance

Whose products do we offer
We can only offer products from a limited number of insurers for life assurance, critical illness cover, income protection, household insurance, accident, sickness and unemployment insurance and cash lump sum accident protection.  Please see the Insurance Proposition Summary leaflet for details of the insurers we offer insurance products from. *The unemployment policy isn’t available for purchase at the moment due to Covid restrictions however this is temporary and once reintroduced the website will be updated accordingly. For more details please speak to an adviser.

Which service will we provide you with?
We are an insurance intermediary representing you, not any insurer. We will provide you with a personal recommendation after we have assessed your needs, limited to the insurance products available to us, as shown in the insurance Proposition Summary leaflet.

What will you have to pay us for our services?
We arrange the policy with the insurer on your behalf, you do not pay us a fee for doing this. We receive commission from the insurer which is a percentage of the total annual premium.

This means that if you purchase one of these products we will receive commission in addition to any adviser charges/fees you may have been or will be paying The Openwork Partnership for investment-relates services. The amount of commission will be disclosed separately should you purchase one of these protection products.

Buy to Let
Some buy to let mortgages are not regulated by the Financial Conduct Authority.