Emery Mortgage & Insurance Services - Independent Advice from Certified Mortgage Specialists


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	mortgage & insurance services


	Fees incurred in arranging your mortgage


	Valuation


	A fee paid by the prospective borrower for the lender's inspection of the property. Normally paid on application.


	Arrangement Fee


	Fee charged by the lender for setting up the loan. Normally payable on completion but can sometimes be added to the loan.


	Booking Fee


	Fee charged by the lender to secure mortgage funds, payable at the time the application is submitted. Normally applies only to special offer loans such as fixed or capped rates.


	Lender's Legal Fee


	Fee charged by the solicitors acting for the lender in creating their legal charge over the property.


	Higher Lending Charge


	An Insurance Premium which guarantees repayment of parts of the loan. It offers no protection for the borrower and is solely for the benefit of the lender. This fee is normally paid if you borrow more than 75% of the value of the property. Some or all of the fee may be used by the lender to obtain indemnity insurance to act as additional security for its sole benefit. If this is the case the lender will provide you with a written explanation.


	Such Insurance will not protect you if your property is subsequently taken into possession and sold for less than the loan amount. You will remain liable to pay all sums owing, including arrears, interest and your lenders legal fees. If a claim is paid to your lender under such insurance, the insurers generally have the right to recover this amount from you.


	We do not charge a fee for our insurance services. We do not normally charge a fee for mortgage advice, however as we are independent a fee paying option is available. Our typical fee is £99.00.


	YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

	Emery Mortgage & Insurance Services is an Appointed Representative of H. L. Partnership Limited which is authorised and regulated by The Financial Services Authority. Emery Mortgage & Insurance Services are entered on the Financial Services Register (http://www.fsa.gov.uk) under reference 414055 and H. L. Partnership Limited is entered on the register under reference 303397.

		The guidance and/or advice contained within this website is subject to the UK regulatory regime & is therefore primarily targeted at consumers based within the UK.

		Copyright © 2006 Emery Mortgage & Insurance Services. Proprietor - Rob Emery CeMAP. Emery Mortgage & Insurance Services are not responsible for external websites.

		Registered Correspondence Address - 5 Champernowne Crescent, Ilfracombe, North Devon EX34 9PL. You can e-mail us by clicking here.

		*Home visits, including evening appointments, are available in Ilfracombe, Braunton, and Barnstaple and their surrounding areas. If you are not in any of these areas we would be happy to provide our range of of mortgage and insurance services to you over the phone. Please contact us if you would like to arrange a no obligation appointment.




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