All
IERAA members are professional advisers, with significant experience
and expertise in advising clients on Equity Release.
We
do charge for our services but do not wish to charge more than is
appropriate for the service we offer. Below is a guide to how much
we charge and when it may be payable.
1st Appointment - NO CHARGE with NO OBLIGATION
If you then ask us to carry out research and make a recommendation
our fee will be equal to 1% of total loan facility applied for, with
a minimum amount of £750.00.
Part of this fee may be payable on application to cover the initial
costs incurred by your adviser.
In addition we would then normally receive a Fee from the Lender for
arranging the loan - This would be retained by the advising firm.
The maximum commission/fees per case is capped at 3.5% of total loan
facility applied for, with any amount in excess of this returned to
you, the client.
We retain the right to charge an administration fee should you choose
not to proceed after we have carried out full research for you and
provided a written report.
Should you wish to opt for a pure Fee Only option, please ask you
adviser, who will happily provide a quote based on your circumstances.
Click
here to find the contact details of your nearest IERAA adviser
