At the outset, JMS Financial Services arranges a preliminary meeting for the purpose of establishing whether we are able to assist with the prospective client's needs and objectives. At this meeting, we also discuss how we will be paid for our services should we be instructed to proceed. There is no charge to you for this preliminary meeting – we will bear the cost of this.
After the initial meeting, we will agree with you whether we are paid by means of a fee payable by you, by means of commission incorporated in the cost of any financial product you buy, or a combination of the two.
Whether we take our remuneration by way of commission (where appropriate) or fees will be a matter of discussion between us, followed up with a written agreement – no charges for fees will be made without prior notification. We are flexible as to how we are paid and will work with our clients to meet their needs and requirements on this.
A typical fee of £795.00 is payable on completion of the mortgage. We will also be paid commission from the lender/company. Or you could choose a fee-only option where you will pay a fee of up to 1% of the loan, and we will pass on any commission paid by the lender to you.
JMS Financial Services is regulated by the Financial Conduct Authority (FCA), and we are happy to work within a regulated environment which prioritises the interests of consumers.
JMS Financial Services has responded to the FCA initiative, Treating Customers Fairly, and has set out what clients can expect as part of our advice process.