lea Financial Services Limited is directly authorised and regulated by the FCA to advise on and arrange regulated mortgages including second charge mortgages and bridging loans, life (non-investment) and general insurance contracts. Our Firm Reference No is 482614. We offer completely impartial and independent advice to our customers.
|Financial Services & Advice - Mortgage Broker|
|Financial Services & Advice - Commercial & Buy to Let Finance|
|Financial Services & Advice - Insurance Broker|
|Financial Services & Advice - Bridging Finance|
The business is owned and run by family members. Les, Eileen & Andrew Whitfield are the Directors and are responsible for the day to day operations. Les is the principal mortgage and insurance advisor and also deals with business and commercial advice. Eileen is the Financial Director and deals also with HR issues. Andrew is our IT and website specialist. Les Jnr and Stephen Whitfield are our Domestic Energy Assessors, Richard Whitfield is our IT support and LAN manager and Alexander Whitfield supplies Graphic Design support for our web services.
Area of Business
Most of our clients have been with us for a long time and have also referred friends, colleagues and family members to us. Our client base is mixed and varied and from all over the UK. They consist of private individuals (employed or self-employed) and businesses (sole traders, partnerships and limited companies). We offer advice and arrangement on Residential mortgages and General Insurance (including non-investment Life Insurance contracts), which are regulated by the FCA. Buy-to-Let and commercial mortgages are not regulated unless over 40% of the property is occupied by the borrower or a member of his or her immediate family. We also provide advice and arrangement in respect to other services such as Buy-to-Let mortgages, Foreign property mortgages, commercial loans and mortgages, secured loans (homeowner loans) and further advances. Secured and unsecured loans are now also regulated by the FCA. We have access to the vast majority of lenders and insurers but there are a few that do not accept business from intermediaries. We can, on request, appoint conveyancing solicitors to act for you, instruct household or specialist surveys and Home Information Packs on your behalf, or arrange for Energy Performance Certificates for Buy to Let landlords or if you are selling your home. If there is a service you need, please ask us as we may be able to provide or arrange it! Our purpose is to meet all your requirements ourselves so that you have a single point of contact and we can ensure that there is a co-ordinated response to your needs. Because of the relationships we have established, we can normally save you significant costs compared to those you would incur if you went directly to one of these service providers. We usually receive an introduction commission from these providers but you will still save money by using us.
uk Mortgages Our standard fee is £500; of which £100 is payable at the outset and £400 is payable on confirmation of a mortgage offer. We will also retain any commission paid to us by the lender. In certain circumstances we may be able to add our fee to the mortgage loan. You will receive a Mortgage or Key Facts Illustration when considering a particular mortgage, which will detail any other fees relating to it such as valuation fees and lender arrangement fees. Foreign Property Mortgages Our standard fee is 0.8% of the loan amount, payable in pounds sterling, with a minimum fee of £800; of which half is payable at the outset and the balance is payable on confirmation of a mortgage offer. In most cases, we will be using a third party specialist to interface with a foreign lender and they will also have fees, which they will disclose at the time. Typically, these fees amount to 1.5% of the loan size, of which we would receive 25% by way of "commission share". Secured and Unsecured Loans We do not normally charge fees for advising on or arranging secured or unsecured loans. However, we will retain any commission paid to us by the lender. Upon occasion, a lender may not pay us a commission on one of these products. If we believe that a lender who does not pay a commission represents the best, or only, available route for you, we would require you to pay us a fee, which we MAY be able to include within the loan at your request. In that event, we would charge a fee of 1% of the loan size with a minimum of £500. Commercial Mortgage and Loans Our standard fee is 0.8% of the total facility arranged (with a minimum of £1,000). Half of this fee is payable at the outset and the remainder on confirmation of an offer. We will also retain any commission paid to us by the lender. Insurances We do not normally charge any fees for advising on or arranging regulated insurance contracts, as we will receive a commission from the product provider.