Our Fees

When you choose Need Financial Planning, you can expect more than just financial advice. You'll benefit from personalised service, ongoing support, and access to a team of experienced professionals dedicated to helping you achieve your financial goals. We are committed to providing transparent pricing, and our fee structure is clearly outlined below to ensure that you understand the costs associated with our services.

Mortgage Broker Fees

The below fees apply to both residential and buy-to-let mortgages. All fees are non-refundable.

We charge a fee of £495 for providing advice and submitting your mortgage application for a property purchase. This is made up of £165 being payable on application, £165 being payable on receipt of a mortgage offer, and £165 being payable on completion of the mortgage.

We will receive and retain any commission paid by the lender when your mortgage completes. This amount will be confirmed by the lender in their disclosure document.

Should you wish you can request to view the commission rates from each of the lenders we have considered at the time that we make our recommendation to you.

Protection Fees

We do not charge a fee for protection advice and implementation. We earn a commission from our protection providers, the details of which will be clearly disclosed to you within your policy illustration(s).

Equity Release Fees

All fees are non-refundable.

Initial Consultation

We cover all the costs of initial consultations with no obligation to proceed.

Broker Fee: £795

£795 will only be payable on completion of the equity release transaction and can be taken directly from the funds released.

Pensions & Investment Fees

Below is our fee structure and service propositions for all pension and investment transfers and ongoing management services. All fees are non-refundable.

Initial Fee

3% of fund value up to £100,000*

2% of fund value between £100,001 - £300,000*

2% of fund value between £300,001 - £500,000

*we have a minimum initial fee of £715 when setting up a new product, £1430 when advising on 1-3 products or £2145 when advising on 4+ products.

On-going Service Fee

We charge a percentage per annum based on the value of the investment. We offer various on-going service packages of which will be discussed and agreed upon during initial stages.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.IMPORTANT: With investments, your capital is at risk. Pensions and investments can go down in value as well as up, so you could get back less than you invest.

Need Financial Planning Ltd is registered in England and Wales no. 10901658. Registered office, 123 High Street, Broadstairs, Kent, CT10 1NQ. Authorised and regulated by the Financial Conduct Authority. Need Financial Planning Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference 977136. If you wish to register a complaint, please write to [email protected] or telephone 01843 228800. A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567.