Investors & Commercial Broker Fees
At Balanced we believe its really important to be clear and not make information difficult to find, on this page you will find all the details regarding our broker fees.
We think its only fair that we don’t ask you to pay us *(Except for commercial mortgage applications) until we have successfully done the job you have engaged us to do, so if for any reason we cannot obtain a mortgage offer, you will not be charged a broker fee.
Standard Application
For landlords with 1 - 3 BTL properties on completion
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Buy to let purchase or re-mortgage for private owners
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Buy to let purchase or re-mortgage for SPV ltd company
Where no other fee scenario applies
Intermediate Application
For landlords with between 4 - 9 BTL properties on completion
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SPV limited company or private ownership
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Corporate let purchase or re-mortgage
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Air BnB or Holiday Let mortgage
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Formal (Licenced) HMO mortgage
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Multi-Unit Freehold Block mortgage
Where no other fee scenario applies
Complex Application
For landlords with 10 + BTL properties on completion or the below:
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Adverse credit history (any scenario)
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Non-standard construction properties.
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Mortgages supported by non £ sterling income
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Trading or layered limited company mortgage
Where no other fee scenario applies
Complex Plus Application
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Second charge mortgages
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All bridging /development finance applications
Once we have achieved a formal & binding mortgage offer from a lender our broker fee becomes payable. This is where they have assessed your application, valued your property and formally agreed the loan.
We will always confirm which fee category your application falls into prior to application and before you commit to proceeding with an application.
We will also receive, and retain any commission paid by the lender when your mortgage completes. This amount will be confirmed by the lender in their disclosure document which will be provided to you. Should you wish, you can request to view the commission rates from each of the lenders we have considered at the time that we make our recommendation to you.
As our broker fee is only ever payable once we have done our job successfully, it is non-refundable.
We do not charge any fees for any type of insurance advice.