Our Terms of Business

Helping you to understand our fees

Your time is valuable to us, and as such we believe in being fully transparent and upfront in our terms, i.e. what our service will cost you. These are in addition to any commission that we may receive from the lender. Any commission received will be fully visible on the lenders offer letter, or the mortgage illustration document.

Collabot finance works for you, the client and not the lender. We offer an advice and recommendation service, where we identify your needs, and come up with financial solutions, rather than just securing the cheapest mortgage for you. Ideally the two are aligned. 

Depending on your particular circumstances, We may be able to offer you a fixed price service, or cap our fees. As such, please do not hesitate to give us a call, Remember  – our initial consultation is fee. 

In addition, we run promotions throught the year, where our customers may be able to receive discounts upto 25% of our fees. As such please do not hesitate to signup to our newsletter. 

We believe that the cost of obtaining insurance should not be a barrier, Hence, we do not charge for providing advice on Insurance products.

What Documentation do we require to support your Application

To comply with Anti-money laundering and various other regulations – we need the following information to validate your identity and support your application. 

  • Identity (Passport preferred or a UK/EU Photo Driving Licence).
  • Last 3 months personal bank statements.
  • Residential address proof less than 2 months old (if this does not appear on the bank statements). 
  • Evidence of income e.g. latest payslip, SA302 (Tax year overview & Tax Calculation) or accounts.
  • Proof of deposit (purchases).
  • Credit Report – If you do not have, please review checkmyfile (Free for 30 days, £14.99 thereafter)
If an application is being made in Company name, please provide the above for each shareholder (more than 20%), and director. In addition please provide
  • Last two-year Company Accounts (P&L, Balance sheet)
  • Asset & Liability statement for each major shareholder/Director

A lender may have additional requirements over and beyond what we have specified. We will liaise with you nearer the time. 

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