Bransgroves charge a flat fee of $3,400 (excl GST) regardless of loan size for mortgage advances.
We charge for small add ons if they are needed.
We also add a volume discount of up to 12%, giving a volume price of $2,992 (ex GST)!
If you are drafting a term sheet and want to quote firm legals download this spreadsheet.
We require a flat $1,000 deposit on the legals (deposited by the borrower into our trust account) or an undertaking by the lender to pay $1,000 if the loan does not proceed.
First Mortgages
Size of loan | Fees (ex GST) | Deposit |
---|---|---|
< 350K | $2,500 | $1,500 |
< 500K | $3,000 | $1,500 |
<1M | $5,000 | $1,500 |
<3M | $6,000 | $1,500 |
<5M | $8,000 | $1,500 |
>5M | Price on application |
Second Mortgages
Size of loan | Fees (ex GST) | Deposit |
---|---|---|
< 350K | $2,800 | $1,500 |
< 500K | $3,500 | $1,500 |
<1M | $6,000 | $1,500 |
<3M | $7,000 | $1,500 |
<5M | $9,000 | $1,500 |
>5M | Price on application |
Variations
Variations | Ex GST |
---|---|
Principal increase first mortgage | $2,500 |
Principal increase second mortgage | $2,800 |
No Principal increase | $1,000 |
Extra
Titles | Ex GST |
---|---|
Up to 3 | $0 |
4 – 6 | Add $640 |
7 – 10 | Add $970 |
10 + | Add $1,290 |
15 + | Upon application |
Lenders | Ex GST |
---|---|
Up to 3 | $0 |
4 – 6 | Add $640 |
7 – 10 | Add $970 |
10 + | Add $1,290 |
15 + | Upon application |
Other | Ex GST |
---|---|
Urgency Fee | We reserve the right to charge an urgency fee to be determined based on the urgency and complexity of the matter. |
Physical Settlements | Add $1,100 |
Third party guarantors (ex GST)$1,290 per third party guarantor.
Note:
– These are our professional fees and do not include disbursements.
– These fees are indicative only and we reserve the right to adjust these if the loan is non-standard, complicated, unusual security, unusual borrower etc.