🏡 Mortgages
To ensure you get the best possible service no matter how complex your situation, Tembo usually charges a fee for mortgage advice. The fee isn't payable until you have a mortgage offer from a lender, so you'll never pay for advice alone.
For a standard mortgage or remortgage, we charge £499, and for a more complex mortgage (Boost, adverse credit, equity transfer) we charge up to £749.
Why use a mortgage broker?
You'll get expert advice from a fully qualified specialist, who will create a bespoke mortgage plan that's right for you.
You'll get access to over 100 lenders, with many options not found on the high street or through other channels, exclusively available to Tembo.
A personal mortgage protection review with our in-house expert, helping to ensure you have the right cover in place should the unexpected happen.
Plus we'll do all the hard work, so you don't have to! We'll help you find the right mortgage and conveyancer, and we'll liaise with your solicitor and estate agent once your offer has been accepted.
** These represent our typical fees, but your Tembo adviser will let you know at the outset if a different fee structure is applicable to your situation. The maximum fee we charge will never be more than 1% of your mortgage loan.
💰Savings
Cash Lifetime ISA
For customers that signed up from the 9th February 2024, our standard Cash Lifetime ISA doesn't come with any platform fees or additional costs.
Customers who were paying a £2 monthly fee prior to 9th February will continue to pay a fee unless otherwise arranged, and have been automatically upgraded to our Tembo Plus offering on the original £2 payment (usually £5).
Stocks & Shares Lifetime ISA
We charge an annual fund fee of 0.35%. In addition there are fees charged by the fund provider (BlackRock) of 0.17%.
Tembo Plus
Tembo Plus is a higher tier service, charged to new users at £5 per month. The offering includes free, award-winning mortgage and insurance advice (worth up to £749), as well as free property insight reports to help in your house search.
A second phase of the Plus offering is slated to include a higher interest rate and reduced stocks & shares fee, along with a range of other embedded tools and services.
If you're an existing customer and would prefer to stop your monthly payments and move onto the standard plan, please contact [email protected]. Please be aware that if you then decide to return to Tembo Plus you will be charged the full fee of £5 per month.