Schedule of Fees and Other Information
Our hourly charge-out rates are as follows:
Director: €150 per hour
Senior Advisor: €100 per hour
Support staff: €50 per hour
Life, Pensions and Investments
MDL Financial Consultants Ltd is remunerated by commission and other payments from product producers or lenders on the completion of business. You may choose to pay in full for our services by means of a fee. Where we receive recurring commission, this forms part of the remuneration for initial advice provided. We reserve the right to charge additional fees if the number of hours relating to on-going advice/assistance exceeds 2 hrs.
In other circumstances where fees are chargeable or where you choose to pay in full for our service by fee, we will notify you in writing in advance and agree the scale of fees to be charged if different from fees outlined above.
If we receive commission from a product provider, this will be offset against the fee which we will charge you. Where the commission is greater than the fee due, the commission will become the amount payable to the firm unless an arrangement to the contrary is made.
Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency. We will give an estimate of these fees in advance of providing you with services.
MDL Financial Consultants Ltd is remunerated by commission from insurers on completion of business. Details of this remuneration are available on request.
MDL Financial Consultants Ltd is paid between 0% and 1% of the loan for arranging mortgage finance. This commission is paid by the mortgage lender.
MDL Financial Consultants Ltd charge an administration fee of €250 prior to submission of a Residential Mortgage application and €500 for a Commercial Mortgage. The administration fee is non-refundable and is in addition to any commission received from mortgage lenders. Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency. We will give an estimate of these fees in advance of providing you with services.
If we provide mortgage advice and obtain a Loan Offer for you and you subsequently do not proceed with your mortgage application through our firm, we will charge you an arrangement fee of €250 for our services. This fee is in addition to the administration fee charged when the application was submitted.
Debt Management Services
Our fees for Debt Management assignments will be based on the staffing hours spent to completion. Each project is staffed with a team which has the appropriate level of skill and experience for the assignment. Prior to engaging our services we will issue an information letter pursuant to Section 13.2 of the Consumer Protection Code, which clearly specifies the services that will be provided by our firm, the charges for our services and the likely duration of the engagement.
Should you wish to engage our services you will be required to sign the information letter pursuant to Section 13.2 of the Consumer Protection Code, and we will issue an invoice for €1,500, as an upfront payment, which is payable within seven days of the invoice date. This upfront payment is offset against your account, and in the event that the amount invoiced is less than the upfront payment, the excess will be refunded to you. We will issue a final invoice for any balance owing at the conclusion of the process, for all Debt Management Services.