Fees & Charges

Fees & Charges

At McCarney Financial Services we feel that we have expert knowledge to enable us to advise you in the areas of Mortgages, Pensions, Investments, Life/Protection Plans and General Insurance.

We pride ourselves on the advice that we offer and ensure that any recommended products meet your requirements, because of this we have a fee structure in place which may be charged in respect of work carried out on your behalf.

Initial Meeting

The initial fact find meeting is of no cost to you. This is an important meeting where we gather information about you, your family and your financial circumstances. This information is used to highlight and prioritise your financial needs and objectives. This is also an opportunity to decide if our firm and you as the customer would like to work together. At this meeting we will establish if any fee is payable for our services and we will also advise if we will receive any additional commission in respect of the services provided to you.

Finally, you also have the option to pay in full for our service by fee. All fees will be discussed and explained in detail and agreed in writing prior to services being provided.

Mortgages

There is no fee for our initial fact find meeting. For new mortgage applications we propose to charge a fee of €500 over two stages:

  1. €250 at commencement of the application.
  2. €250 upon receipt of a formal loan approval.

Where a loan approval expires and additional time and resources are required in order to reapply or to have the existing approval reinstated, then an additional fee of up to €500 will be charged on a case by case basis.

We receive commission from lenders of up to 1% of the mortgage loan amount and any commission received will be clearly communicated to you. If for any reason a lender does not pay us commission then a fee of up to 1% of the mortgage amount will be payable by you at closing and again this is explained and agreed in writing at the outset.

Pensions, Protection & Investments

The initial fact find meeting is at our own expense. Where we receive commission from an insurance company this will be clearly communicated to you. Depending on the nature and complexity of the service provided to you and the time and resources spent in carrying out reviews etc. then a fee may be required in order to cover our outgoings. Any proposed fee will be discussed and agreed with you in writing.

Home Insurance

We receive commission of up to 20% of your annual premium. Any commission received will be clearly communicated to you.

Claims

In the event that any of our customers require assistance in making a claim we propose to charge up to 15% of the successful claim amount. All fees will be discussed and agreed in writing at the outset.

Please note: Valid from April 2015 and subject to change.

Get in Touch

If you require more information on residential mortgages, investment/BTL mortgages, commercial mortgages, life assurance, mortgage protection, investments, pensions or permanent health insurance please do not hesitate to get in touch with our friendly team on 01 830 5432 or email info@mccarney.ie.

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