No hidden mark-ups.
We get this question on most first calls, so we put the answer on a page. There are two places our income comes from: commission paid by the lender or insurer (in most cases this is our only revenue), and sometimes a broker fee paid by you. We tell you both numbers before you commit to anything.
Lender & insurer commission: in most cases, our only revenue
When you take a mortgage or a protection policy through us, the lender or insurer pays us a commission. This is standard across regulated UK mortgage brokers, it comes out of the lender's own margin rather than your monthly payment, and in most cases it is our only revenue stream.
Our broker fee
We try not to charge fees where possible. Some mortgages require extra work, or work that isn't covered by the lender's commission. That's when a broker fee applies. We'll give you the figure on your first call, before any work starts.
Remortgages: we typically waive the broker fee where the lender pays a procuration fee on the new deal. We'll tell you on the first call whether your case qualifies.
Our regulatory frame
C L Mortgages is an Appointed Representative of Quilter Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority. That means our advice is checked against Quilter's compliance framework, and the protection commission disclosures we make follow the FCA's pure protection commission rules.