Pricing and Payment

Understand our payment structure and explore our payment options

PRICES
MONEY-BACK GUARANTEE
POST-PAYMENT PROCEDURE
REFUND AND CANCELLATION

No fee for quotes

Mortgage Direct does not charge for initial quotes. We charge an initial fee (the Administration Fee) only once you decide to proceed with a formal application. All advice given until then is free of charge and there is no obligation to use our services.

Adminstration Fee

The Administration Fee of €495 is payable if you decide to proceed with a formal application. It has a money-back-guarantee (see our refund and cancellation policy below). and covers our services up until you actually purchase a property. It can cover multiple applications with different banks or for different properties. It does not have an expiry date; we only charge it once.

Initial approval fee

This fee is payable on initial approval of the mortgage, prior to valuation. The standard amount is 0.5% of the mortgage amount (minimum €1,000). For larger mortgage amounts this fee may be negotiable.

The fees quoted are for standard mortgage/loan transactions. Should more specialist requirements be needed, we will advise you in writing if a different fee scale will apply before proceeding with an application

Money-back-guarantee

When you choose to proceed with payment and a formal mortgage quote with Mortgage Direct you are protected under our money-back guarantee. If the mortgage is declined or the amount offered is lower than in our initial quotes and a client does not wish to proceed we will refund our Administration Fee of €495. We will set out the conditions of this guarantee at the time of requesting the initial payment. Please also refer to our Terms and Conditions.

Post-payment procedure

Following receipt or proof of payment of the administration fee:

Mortgage Direct will confirm the recommended bank (or banks) and either put you in contact with them directly or deal with them on your behalf to commence the process of formally applying for the mortgage.
You will continue working with our advisers throughout the process, as well as being in direct contact with the bank. We will be at your disposal at all times until completion of the mortgage
On approval of the mortgage, the Initial approval fee is payable within 7 days

Conditions for refund and cancellation

A client can choose to withdraw from the application process at any time and should do so in writing to Mortgage Direct.
Once a client has signed the Terms and Conditions document and arranged payment of the Administration Fee of €495, they have appointed Mortgage Direct to oversee their mortgage application(s). From this point, this fee is only refunded under certain conditions.
Under the conditions of the money-back guarantee, the Administration Fee is refunded if Mortgage Direct is not able to find a suitable mortgage. A suitable mortgage is one where the conditions match or are better than those quoted when the request for payment was made. If the lender provides a mortgage approval that does not match the quote provided prior to the client signing up with Mortgage Direct, and the client confirms they wish to proceed with the mortgage offered by the lender, that mortgage offer is then considered to be a suitable mortgage.
Other circumstances where the Administration Fee would not be refunded are:

If the client or the vendor withdraws from the sale
If the valuation of the property is lower than the agreed price and this prohibits the client from borrowing the full amount requested, which in turn prevents them from completing the purchase
If it transpires that the property to be purchased has been built illegally or has not been not fully or correctly registered and this prevents the purchase from going ahead
The client has provided false or incorrect information to Mortgage Direct and the lender declines the mortgage as a result of this

*Please note that under circumstances where the Administration Fee is not refunded, if the client then goes on to apply for a new mortgage through Mortgage Direct, either for the same property or a new property, the fee is not charged again.

PRICES

No fee for quotes

Adminstration Fee

Initial approval fee

MONEY-BACK GUARANTEE

Money-back-guarantee

POST-PAYMENT PROCEDURE

Post-payment procedure

Following receipt or proof of payment of the administration fee:

Mortgage Direct will confirm the recommended bank (or banks) and either put you in contact with them directly or deal with them on your behalf to commence the process of formally applying for the mortgage.
You will continue working with our advisers throughout the process, as well as being in direct contact with the bank. We will be at your disposal at all times until completion of the mortgage
On approval of the mortgage, the Initial approval fee is payable within 7 days

REFUND AND CANCELLATION

Conditions for refund and cancellation

A client can choose to withdraw from the application process at any time and should do so in writing to Mortgage Direct.
Once a client has signed the Terms and Conditions document and arranged payment of the Administration Fee of €495, they have appointed Mortgage Direct to oversee their mortgage application(s). From this point, this fee is only refunded under certain conditions.
Under the conditions of the money-back guarantee, the Administration Fee is refunded if Mortgage Direct is not able to find a suitable mortgage. A suitable mortgage is one where the conditions match or are better than those quoted when the request for payment was made. If the lender provides a mortgage approval that does not match the quote provided prior to the client signing up with Mortgage Direct, and the client confirms they wish to proceed with the mortgage offered by the lender, that mortgage offer is then considered to be a suitable mortgage.
Other circumstances where the Administration Fee would not be refunded are:

If the client or the vendor withdraws from the sale
If the valuation of the property is lower than the agreed price and this prohibits the client from borrowing the full amount requested, which in turn prevents them from completing the purchase
If it transpires that the property to be purchased has been built illegally or has not been not fully or correctly registered and this prevents the purchase from going ahead
The client has provided false or incorrect information to Mortgage Direct and the lender declines the mortgage as a result of this

PAYMENT OPTIONS

You can pay by credit card, debit card, wire transfer or Paypal.

CREDIT AND DEBIT CARD

Pay with Credit or Debit Card

When you make a payment, Mortgage Direct will contact your credit or debit card’s issuing bank to confirm the validity of the account. We will request an authorisation, which holds the funds for the full or partial amount. Authorised funds will be unavailable from this point and may display as ‘pending’ on your credit or debit card’s online statement. A 1 % transaction fee will be added to the amount. You can also pay by Spanish bank transfer or UK bank transfer

SPANISH BANK TRANSFER

Wire Transfer to our Spanish account in Euros

BENEFICIARY: Mortgage Direct SL

BANK: Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)

SWIFT/ BIC: BBVAESMM

IBAN NUMBER: ES15 0182 0504 5802 0168 2789

BANK ADDRESS: Plaza Ciudad de Brujas, 3, 46001 Valencia, Valencia, España, Spain

By paying via wire transfer, you agree to our Terms and Conditions. Please re-familiarize yourself with them before you proceed to payment. Please give your name as the reference when you make the transfer.

UK BANK TRANSFER

Wire Transfer to our UK account in Sterling Pound

BENEFICIARY: Mortgage Direct International Limited

BANK: Barclays Bank

SWIFT/BIC: BARCGB22

IBAN: GB22 BARC 2085 4633 1777 18

SORT CODE: 20-85-46

ACCOUNT NUMBER: 33177718

BANK ADDRESS: 59 High Street Newport Shropshire TF10 7AU United Kingdom

PAYPAL

Pay with Paypal

Please be advised that PayPal charges an extra fee. Including the PayPal fees our administration fee is € 515,00. The Initial approval fee included the Paypal charges will be a minimum € 1.040,00 (if you pay more than € 1.000, 4 % will be added to the amount).You can also pay by credit or debit card, Spanish bank transfer or UK bank transfer.

Please enter the amount of € you wish to pay

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