Remuneration disclosure

In line with the Central Bank of Ireland’s Consumer Protection Code, we set out below a summary of the remuneration arrangements between Howard Financial Services Limited T/A IWantAMortgage.ie and the product producers whose products we arrange. This summary is provided so that you can understand how we are paid for the services we provide to you. Full details for your specific product are provided in the applicable product documentation (for mortgages, your European Standardised Information Sheet, or ESIS).

Definitions

Commission — a payment, typically calculated as a percentage of the loan amount or premium, made by a product producer (a lender or insurer) to the intermediary for arranging a product on your behalf.
Clawback — an obligation on the intermediary to repay commission previously received, in full or in part, where the underlying mortgage or policy is repaid early, lapses, or is cancelled within a specified period.

Mortgages

We operate a single, standard commission model across the lenders on our panel: we are paid the same rate of commission by every lender, so our recommendation is never influenced by the commission payable. Commission on mortgages may be subject to clawback by the lender where the mortgage is repaid or redeemed within a period specified by that lender.

We may receive up to 1% of the loan amount for arranging mortgage finance, paid by the mortgage lender on completion. The actual amount is disclosed in your ESIS. Information on variations in commission levels between lenders is available on request.

We arrange mortgages with the following lenders, through direct agency arrangements and our membership of the Brokers Ireland network.

Mortgage Lenders	Commission
Bank of Ireland	Up to 1% of the loan amount, paid by the lender on completion
Haven	Up to 1% of the loan amount, paid by the lender on completion
ICS Mortgages	Up to 1% of the loan amount, paid by the lender on completion
Núa Money	Up to 1% of the loan amount, paid by the lender on completion
PTSB	Up to 1% of the loan amount, paid by the lender on completion

We are in the process of adding further lender agencies; this page is updated as arrangements commence.

Life assurance, pensions & investments

Howard Financial Services Limited operates under a sole agency agreement with Acorn Brokerage Limited t/a Ask Acorn for insurance distribution activities. For life assurance, pensions, investment and protection business, we are remunerated by commission only from Acorn Brokerage Limited t/a Ask Acorn on completion of business; no separate fee is charged to you. Details of the commission arrangements are available via Acorn Brokerage’s remuneration disclosure.

For our schedule of fees, see our fees page.

Howard Financial Services Limited T/A IWantAMortgage.ie is regulated by the Central Bank of Ireland (C430229).