TERMS OF BUSINESS

The Mortgage Practitioner is known under The Financial Services Authority as a 'whole of market' mortgage adviser, which in layman's terms used to be known as 'independent', but unless you offer an 'only fee charging service' you cannot call yourself independent according to the rules laid down by The Financial Services Authority.

However, for insurance advice calling yourself independent is not an issue. The Mortgage Practitioner offers a wide range of Insurance providers for his client's needs.

The Mortgage Practitioner will only give advice on mortgages or insurance after he has assessed the needs of the client's. You cannot give 'suitable' advice unless you have as much relevant information as possible.

Any fees charged will be relevant to the size and complexity of the mortgage and the research and time taken on the case. If a fee is charged it is likely to be up to £500 and a representative fee would be £300.

No fees are payable on Insurance products.