Mortgage advisor fee on application
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I am a first-time home buyer. I consulted a mortgage advisor who came recommended by a friend. I found him prompt and helpful during my initial one-hour consultation and the few follow-up exchanges. He charges a fee of £500 "on application" vs "on offer" or "on completion." Is this typical and could i negotiate? I am ok with the fee, but I would prefer on "completion." My situation is pretty straightforward, I'd say: I am fully employed as a university lecturer and I will have a solid deposit (probably over 20%). I have lived in the UK for 4.5 years so my credit history is fine (no debts, everything paid on time), but probably not stellar because, being busy, I forgot to get a credit card or have any type of debt payments. I had a great credit history in the US, but that does not translate. I am a EU citizens and will apply for settled status in a couple of weeks.