
So, why choose Beechwood Mortgages?

TRUSTED ADVICE
We’ve been making things simple for clients in Berkshire and surrounding counties since 2001.

COMPARE & SAVE
We have full market access, so you can compare mortgage and insurance rates and other products with ease.

ONE POINT OF CONTACT
Avoid confusion with one dedicated broker working with you throughout the entire process.

PERSONALISED SERVICE
Receive expert recommendations based on your circumstances. We take care of all your paperwork too.
Do all mortgage brokers charge fees?
No, not all brokers will charge a fee. The majority will receive a fee from the lender. The fee paid, known as the Procuration Fee, is generally a percentage of the amount you borrow – whilst this varies from lender to lender, a typical fee will be around 0.35% of the mortgage. For example – if you borrow £200,000 the fee paid to your broker will typically be £700.
To further clarify this point, you do not pay this fee, the lender pays this to your broker, or at least a large proportion of.
There may then be a further fee payable to your mortgage broker, and it’s important to understand that some will charge you a fee regardless of the amount you intend to borrow. This is precisely why you should do your homework before fully engaging with a mortgage broker. Here are a few examples of when a fee may apply:
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Some brokers will charge you an upfront admin/application fee​
Some will charge you a fee when you receive your mortgage offer / complete your transaction
And some may charge both!

Do Beechwood charge a fee?
At Beechwood Mortgages, complete transparency is important to us. That's why we want to provide you with all the necessary information from the start.
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We will offer our advice and recommendations, assist you in applying for your mortgage, and guide you through the entire process. The majority of our efforts will be focused on the first few weeks after your initial contact with us.
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The best part is, if we can't secure a mortgage offer for you, you won't have to pay any costs. There are no upfront application / admin fees to pay!

We may need to charge a fee if:
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You are looking to borrow less than £225,000
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Your situation/requirements are complex, therefore demanding more time for us to thoroughly research, place and arrange your mortgage
Our fee will never be more than 1.5% of your mortgage and is only paid when your mortgage completes. When our fee is based solely on the size of your mortgage, as a guide:
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50-100k – no more than £750
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100-150k – no more than £450
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150-225k – no more than £350
Are you looking to borrow more than £225,000? If so, our aim will always be to operate without adding to your costs.

Unsure about charges and costs?
Need immediate assistance? Contact us now via our Live Chat.
Don't forget to explore your options before making a decision - avoid paying exorbitant broker fees!
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