Fees and Charges
Pangea Ireland Digital Limited t/a Pangea Mortgages may be remunerated for its services by commission from a product provider, fees chargeable to client, or a combination of both. Where a fee is charged additionally and the company receives commission from a product provider, we shall explain if the commission will be offset against the fee either in part or in full. Commissions received are not offset against fees unless agreed with you in writing.
Where we do not receive commission from a product provider or where we provide an advice only service we may charge a fee and will notify you of the fee basis in advance of any service being provided. We may also receive additional payments or services based on volume of business placed with a provider. We may receive regular renewal commissions while your product remains in-force.
All remuneration received contributes to the costs of the on-going administration services which we provide to you. We typically receive 1% of the loan amount for arranging mortgage finance. This commission is paid by the mortgage lender after the mortgage completes. Information on the variation in levels of commission payable by the different creditors providing credit agreements being offered are available on request. The actual amount of commission received will be disclosed at a later stage in the ESIS (European Standardised Information Sheet) which will be forwarded to you. Standard Mortgage Fee We reserve the right to charge a standard up front commitment fee for arranging a residential mortgage. With such cases where a charge may be applied, we will agree all fees with you in advance of providing the service. If we arrange a full mortgage loan offer from a Lender for you and you change to another provider a fee for works incurred to date will apply.
Our fee will be notified to the lender who will include this fee into the calculation of the APRC (Annual Percentage Rate Charge). Please note that lenders may charge specific fees in certain circumstances and if this applies, these fees will be specified in your Loan Offer. You have the right to pay a fee separately and not include it in the loan.
Typically, this situation arises in relation to specialist lending. Lenders require that a valuation be carried out on the property to be mortgaged. You will be required to pay the valuation fee which will be advised to you prior to the valuation being arranged.
Pangea Ireland Digital Limited t/a, Pangea Mortgages, is Regulated by the Central Bank of Ireland. Reg No. C173830.
Directors: John Fahy