Commissions
1. Introduction
At Mortgages Direct, we are committed to transparency in how we are compensated for the services we provide. This page explains how commissions work and how we may be paid by lenders.
2. How We Are Paid
In most cases, we receive a commission from mortgage lenders when we successfully arrange a mortgage on your behalf. This commission is typically a percentage of the loan amount and is paid by the lender after the mortgage is completed.
In some cases, we may also charge a fee for our services. If applicable, this will be clearly explained and agreed with you in advance.
3. Commission Disclosure
We work with a range of lenders in Ireland, each of whom may pay different commission rates. Further details of these commissions are available on request.
Our aim is always to recommend the most suitable mortgage product for your needs, regardless of commission levels.
4. No Impact on Your Costs
Commission payments from lenders do not typically affect the mortgage interest rate or terms you receive. Our advice is based on your individual financial situation and requirements.
5. Additional Fees
Where a fee is charged directly to you for our services, we will provide full details in writing before proceeding. This ensures you have complete clarity on any costs involved.
6. Conflicts of Interest
We are committed to acting in your best interests at all times. While we may receive commissions from lenders, this does not influence our recommendations. We assess all available options to find the most suitable solution for you.
7. Regulatory Information
Mortgages Direct complies with all relevant regulations and guidelines in Ireland regarding commission disclosure and financial services.
8. Further Information
If you would like more information about how commissions are calculated or paid, please contact us and we will be happy to provide further details.
9. Contact Us
For any questions regarding commissions or our services, please contact us at:
www.mortgagesdirect.ie
Phone: +353 87 250 5872
- Warning: If you do not keep up your repayments you may lose your home.
- Warning: You may have to pay charges if you pay off a fixed-rate loan early.
- Warning: Your interest rate may increase and the amount of your mortgage repayments may increase as a result.
- Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit report, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
- Warning: You should consider the total cost of the mortgage and any applicable incentive included in a mortgage offer.