Our Process

AIT Financial Solutions (UK) Limited are independent financial advisers and mortgage brokers. We are authorised and regulated to give advice and recommendations on the UK mortgage market. The advice and recommendations will be given in a fully and impartial basis in order that the advice you receive will suit your own individual circumstances. All of our advisers are fully qualified independent financial advisers holding recognised the industry qualifications - Financial Planning Certificates. They have all obtained the recognised mortgage industry qualification - Certificate of Mortgage Advice and Practice (CeMAP). The advice that you will receive will be fully independent with no bias being shown towards any particular lender. AIT Financial Solutions (UK) Limited receive payment in the form of procuration fees from the lenders for placing mortgage business with them. Please be rest assured that we aim to find the appropriate product when recommending a mortgage for your individual needs.

How will we base our recommendations

Recommendations are based on the information received from you selves and many factors have to be taken into account before the correct advice and recommendation is given to our clients, these include;

• Past credit history
• Budget and affordability
• Current and future market conditions
• Clients current and future aspirations
• Time scale
• Type of property construction
• The lenders products
• The lenders administration process

During our initial discussion we will obtain the basis and relevant information from yourself in relation to your mortgage requirements. You will be presented with an Initial Disclosure Document (IDD) and Key Facts Illustration. The IDD must be produced at the outset of any sales process and this document is prescribed by the FSA. This document lets you know what level of advice and what level of service we will offer our clients, our fee structure and contact details.

After the initial consultation process and relevant documentation has been given to you and assuming that you wish to proceed with your mortgage enquiry then AIT Financial Solutions will look at the market place on your behalf. The recommendations will be based on the information you have provided.

Before your recommended to a particular lender and particular product the Key Facts Illustration (KFI) will be produced in order to show you the recommended mortgage.

The KFI will show you all costs that the lender will charge in relation to the set up of your new mortgage. This typically will include the amount borrowed over the term, the initial interest rate, the standard variable after any initial product, the total cost of borrowing and any redemption penalties that any redemption penalties that you will incur if you leave the lender product before or after the agreed deal.

The KFI’s will also show any fess associated with the product and these typically are arrangement or booking fee, telegraphic transfer fee, survey fee, broker fees, deeds/release fees.

This document is produced in order that all costs are transparent and are no hidden charges.