Do I pay the financial adviser for sorting mortgage

missy12345

Quick question.

We pulled out of a house process, we had an independent financial adviser get the mortgage approval. However, as the purchase is not going ahead do we still pay her. I would want to pay her once we have sorted a house not before, the mortgage is valid for 6 months only, please help!

Thanks
Missy

ACG

What did you agree?
Did you sign anything?

GMS

You should have been issued with an Initial Disclosure Document which will detail any fees payable and when.

Usually a fee agreement would be signed too.

Key Facts Illustration should also disclose fees.

Check your paperwork and see what is stated.

missy12345

Thank you for your answers I did sign, however the paperwork was kept by the mortgage adviser.
My first mortgage was put through on a bigger LTV, I signed the paper work, however they refused and asked me to put more money. I did so, then the mortgage was approved, however I have never been in to sign the paper work. on this paper work it does say that the financial adviser is entitled to a non refundable fee.

ACG

I think your going to have to pay then.
But look at this from a moral view (putting aside any legal points), you asked an advisor to find you a mortgage and apply for it - they have done all the work... why souldnt you have to pay?

missy12345

Definitely- would be paying hoping I find another house soon.

Thanks for ur answers
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