About Us

Yes. Most mortgages we arrange have a fixed fee payable at completion.

We charge differently for complex mortgages and cover this in the next section.

Product Transfer.
Fee-free.

Standard Mortgage
No fee to pay unless the mortgage completes.

Purchases. Completion fee £395.
Remortgage. Completion fee £295.
Additional borrowing. Completion fee £395.

Complex Mortgages
We charge an application fee of £395.

In addition, we charge an offer fee of 0.5% of the loan amount reduced by the amount of commission we receive from the lender. This fee is due once you receive your mortgage offer.

As an example, a typical offer fee might be 0.15% of the loan where a lender pays us 0.35% of the loan amount as a procuration fee. A £500,000 loan would result in a client fee of £750. We will also be paid commission by the lender.

Highly Complex Mortgages
We charge an application fee of up to £995. In addition, we charge an offer fee of up to 1.00% of the loan amount.

For example, on a mortgage of £500,000 a fee of £5,000 will be payable. This fee is due once you receive your offer. We may also be paid commission by the lender.

Cost - Working with a reputable consultant can often save money by accessing a wider and sometimes exclusive or semi-exclusive range of products offered by a lender. Rates change and an attentive consultant will also ensure you always have the best rate after you apply. In practice, most lenders inform consultants of rate changes ahead of time and allow consultants to apply better rates as they are released.

Expertise & Knowledge - Every client is different, as is every lender. Having access to a wide number of lenders and understanding each lender's criteria, as well as each client's needs, can often be the difference between a mortgage being achievable and not. At Hayden Blair we work closely with many lenders to establish and cultivate relationships to bring our consultants closer to lender's underwriting teams and decision makers. This direct relationship can benefit a client as at times in can result in a lender making an exception to their ordinary policy to agree a mortgage.

Time & Communication - Your time is invaluable. Equally, effective communication is essential for clarity and peace of mind. Applying to a lender direct can be time-consuming and you might be left unsure of how the mortgage is progressing. Working with a good consultant can streamline the process as they will have a better understanding of each lender's processes and how to navigate the mortgage application and any challenges it might throw.
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Access - We provide a 'whole-of-market' independent mortgage service that does not limit nor reduce the number of lenders we can work with. Many mortgage consultants might advertise as being independent but might not be whole-of-market, meaning they work with a reduced number of lenders to receive an enhanced commission. This goes against our core belief to provide impartial advice from the whole market place.

Speaking generally, the mortgage process looks as follows:
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Initial enquiry - a free confidential and impartial conversation with one of our consultants to discuss your main objectives. This also serves as a good opportunity to 'get to know' your consultant.

Pre-application - before applying for a mortgage your consultant will provide access to our client portal where you can securely view and share documents and complete our fact find questionnaire that will form basis of the mortgage application.

Research & recommendation - once your consultant has reviewed the fact find and any documents requested, they will be able research and recommend a mortgage lender and provide formal mortgage illustrations.

Agreement/Decision in Principle - when you are happy to proceed, an AIP will be completed with the recommended lender. This is the initial part of the application that provides the lender high-level detail and a credit check is normally completed, an 'in principle' decision is then provided by the lender. An AIP can be completed ahead of finding a property and might sometime be required before your offer for the property is considered. The credit check completed at AIP stage is commonly a 'soft' credit check, meaning there should be no impact to credit score.

Mortgage Application (2 weeks on average) - once a property has been found (if purchasing) or you when you are ready to remortgage, the remaining parts of the mortgage application can then be completed. Once submitted, formal underwriting will begin that includes reviewing your documents, the lender will instruct a surveyor to complete their mortgage valuation and where needed, the surveyor will contact the selling agent to arrange access. Once the lender is satisfied, the mortgage will be approved.

Mortgage Offer - the mortgage offer will normally be valid for 6 months from issue. As your acting intermediary, we'll receive a copy of the mortgage offer that we'll check and share with you. Separately, the lender will send either digitally or by post your copy of the offer. Your solicitor will receive a more comprehensive copy of the offer with any legal points to satisfy ahead of completion. Accepting the offer is covered in the next point.

Legal Work (2-3 weeks post-mortgage offer) - for a property purchase your solicitor will have likely engaged with the seller's solicitor prior to mortgage offer and anticipated the lender's requirements. For a remortgage, mortgage offer being issued is often the point your solicitor or conveyancer will begin the legal work. Whether purchase or remortgage, your solicitor will organise for you to sign the mortgage deed prior to completion. The mortgage deed is formal acceptance of the mortgage offer. Your solicitor will then proceed to completion.

We've partnered with Carbon Neutral Britain in an effort to reduce the impact of your mortgage on the environment.

Carbon Neutral Britain estimate emissions of each mortgage application (including the travel of the client, estate agent, surveyor, broker and solicitor) to be 0.338kg CO2e per mortgage completion.

Will have chosen to go above and beyond by offsetting 1,000kg CO2e for each mortgage completion to ensure emissions are offset to award clients with Climate Positive Status.

Presently this is offered for purchase mortgages only and Hayden Blair cover the cost.  

Yes. We understand purchasing a property involves multiple aspects beyond securing the mortgage. To ensure you receive comprehensive support throughout your mortgage journey we've partnered with select professionals that we would be happy to introduce.

Solicitors
Surveyors
Accountants & Tax Specialists
IFAs & Wealth managers & Private Banks
Will Writing & Legacy Planning