Whilst most mortgage lenders/distributors have a staggered fee that can be up to as much as £850 depending on property value, TFC is offering this flat rate application fee to cover its whole range.
This competitive application fee applies to all brokers registered to use TFC's online system TRACK and covers all costs associated with mortgage application including all referencing and re-type charges.
TRACK enables TFC to pass cost savings on to customers. The system allows brokers to key in their client information and monitor progress from the enquiry stage through to completion. It saves response time by providing users with a self-auditing workflow system and automatically asks brokers and underwriters for the information needed to complete applications.
Wayne Smethurst, founding partner of TFC said: "TRACK has allowed us to pass our savings on to our clients. It simply shows that mortgage distributors can add value to the mortgage chain. TFC is committed to finding the best deal for our users and help our clients to improve their customer proposition."