Mortgage Fees
Nexus offers mortgages from the whole of the market. The advice provided will be both independent and impartial. By identifying what mortgage features are important to you together with the likely costs, Nexus will then negotiate with lenders to offer bespoke solutions to individual mortgaging needs.
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Standard Residential and Buy to Let Mortgages.
We do not usually charge for Mortgage advice although we do have an administration fee for managing your mortgage application. You pay a fixed fee of just £250 for each of your mortgage contracts in respect of "Administration and Support " and we'll manage your application through to completion. This is normally payable at the time of application or, by agreement, on the satisfactory completion of your mortgage. In addition we will be paid a commission from the lender.
Alternatively, mortgage intermediaries who, like Nexus are independent, offer the option of paying a fee in return for their services, with any commission earned from the product provider being refunded to you or offset against the fee charged.
Here at Nexus, fees are based purely on delivering value for money, with any fees payable at the time of application or, by agreement on successful and satisfactory completion of the mortgage. The precise amount of the fee for the mortgage advice, should you prefer this payment route, will depend on individual circumstances, for our standard residential and buy to let mortgages you may pay an administration fee of £250 plus 1% of the mortgage amount and any commission received from the lender will be returned to you after completion.
On a mortgage of £180,000 the fee payable on application would be £1,800 plus £250.00 in respect of Administration and Support during the mortgage process, any commision payable by the lender will be refunded to you or offset against any fee due.
Specialist Mortgage lending
We reserve the right with specialist mortgage lending or complex cases to increase our fee for administration and support to a maximum of £250 plus 1% of the mortgage amount and retain any commission payable from the lender. In these circumstances we will advise you in writing before you apply for any mortgage loan. Please see our Key Facts about your Mortgage document for further details on our charging policy.
You will receive a key facts illustration when considering a particular mortgage, which will tell you about any fees relating to it. 
Refund of fees
You will receive a full refund, less £250.00 in respect of administration and support, if we are unable to secure an offer from any lender providing that you have made available,all necessary documents to support your mortgage application.. If the application does not proceed for any other reason you will not receive a refund.
Please see our Key Facts Mortgage document for further details on our charging policy.
Please contact us and we will be happy to discuss your requirements in more detail.
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