Frequently Asked Questions
How does Kudos Mortgages make money?
Like nearly all mortgage brokers, we receive a commission for recommending a mortgage or insurance. Our recommendation will always be the one that's best for you and the amount of commission will never impact our recommendation. We may also charge a fee for our mortgage advice which is paid on application to the lender. The full list of our fees are below.
Do you charge a fee?
We understand that it costs a lot to purchase or remortgage your home, that's why we offer mortgages on residential purchases and remortgages for free! Some mortgages are more complex and can take more time to find you the right product, which is why we charge a small fee for the rest of our services. We keep our fees as low as possible to give you excellent value for money. Our fees are:
Residential Purchase/Remortgage - Free
Buy to Let Purchase/Remortgage - £195
Help to Buy/Shared Ownership/Right to Buy - £195
Limited Company Buy to Let Purchase/Remortgage - £295
Specialist Lender/Adverse Credit* - £495
Holiday Let/Student Let/HMO - £495
*Some high street lenders can consider minor adverse credit. The £195 fee only applies when the mortgage is submitted through a specialist lender due to more serious adverse credit.
Can you help me with a bridging loan or equity release?
At this time we do not arrange bridging loans or equity release. That being said, we have relationships with companies that specialise in this area. With your permission, we can arrange for someone from the relevant company to contact you.
My situation is a bit more complicated, can you help?
Are you currently on a visa? Are you working as a contractor? Have you recently gone self-employed? Do you get paid in another currency? Do you have bad credit? Whatever the scenario, we can usually find a mortgage for you. If for some reason we can't, we'll let you know what's needed going forward so you can get a mortgage in the future.
What are your opening times?
Our standard opening times are 9am - 5pm Monday to Friday. We appreciate this doesn't suit everyone as many people are also working during this time. We have a flexible approach at Kudos Mortgages and we're happy to have a chat in the evenings, or at the weekend if it suits you.