FAQs

Q: As a Broker, how do you get paid for dealing with my transaction?

When a Broker acts for a Client it is standard market practice for the firm to be paid a Broker Fee from the Client and also receive what is known as a ‘Procuration Fee’ when the mortgage completes. This is in addition to any commission which is due on any insurance / protection products purchased. At Ela’s Finance, we operate on a fully independent basis which means that we can obtain great value financial products for you which can potentially result in thousands of pounds of savings for you over the mortgage term. In line with our commitment to doing the best we can for our clients, we offer a free, no obligation initial meeting to discuss your requirements in more detail so we can establish how we can help. At the end of the meeting we will let you know if we are able to assist and will advise you of any Broker fee that will be charged for dealing with your case. We will make sure that any procuration fee paid by the lender or commission paid by an insurance company we recommend in relation to the products you take are all fully disclosed to you in advance so that everything is clear. These payments do not alter the amount you pay as they are automatically built in to the quotations which are given by Lenders and Insurance companies but we will always tell you what is to be paid by them to us so that everything is transparent to you as our customer.

Q: I have had issues with credit in the past - will I be able to get a mortgage?

The answer to this question is that it depends on what has happened in the past, how long ago and what amounts were involved. We have access to lenders that will consider credit profiles with adverse events on them so the best thing to do is to contact us to let us have the details and we will be able to advise you from there.

How does vehicle leasing work?

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Do you provide the car and the finance when I do a vehicle lease with you?

capital8-finance2021-10-08T17:44:23+01:006 October 2021|

As a Broker, how do you get paid for dealing with my transaction?

capital8-finance2022-01-18T18:01:28+00:006 October 2021|

I have had issues with credit in the past – will I be able to get a mortgage?

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What is Stamp Duty and how much will it be?

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What fees are payable with a mortgage?

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A finance brokerage offering a full range of funding solutions to businesses, property developers & investors and professional landlords and homebuyers.

Contact Us

56 Mayfield Grove,
Dundee,
Scotland,
DD4 7GZ,
UK

07746 937 796

enquiries@capital8finance.co.uk

Data Protection Statement : We comply fully with the General Data Protection Regulations ( GDPR ) 2018 and all client data and information you provide to us will be managed, processed and kept secure in accordance with the GDPR. We will never share, sell or distribute client data to any other third party other than Banks, Lenders , Brokers or Packagers whom we believe may serve the best interests of you the client.

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Capital 8 Finance is a trading style of Yu Finance Ltd (FRN:808286) are Credit Brokers and are Appointed Representatives of White Rose Finance Group Ltd (FRN:630772) Authorised and Regulated by the Financial Conduct Authority. PLEASE MAKE BORROWING DECISIONS CAREFULLY, PROPERTY OR OTHER ASSETS OFFERED AS SECURITY MAY BE AT RISK IF YOU CANNOT KEEP UP WITH REPAYMENTS.