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Fees & Commissions

Our Service Fee

Our initial face to face consultation in establishing what you are looking for is fee and commission free. Upon accepting our services we then charge:

  • for personal mortgages a consultancy fee of $250 plus GST for the first 2 face to face meetings. Any additional meetings after this will incur an hourly fee of $250 plus GST.
  • for business finance and advisory services, a $250 plus GST per hour consultation fee will apply.

Our fees will be invoiced to you and payment will be required 14 days after the invoice has issued.

Should your loan be drawn, AAP Finance Brokers will receive an upfront fee and trail commission (see below for full details). Once the first payment is made by the lender to us, we will refund you back the invoiced consultation fees.


Periodic Review Fee

For a 6 or 12 month review of your existing financial arrangements we will not charge a fee. If you would like this to be more regular such as a monthly or quarterly arrangement, the service fee of $250.00 plus GST per hour will be charged.

This will be invoiced to you and payment will be required 14 days after the invoice has issued.


Mortgage Brokering Fees and Trail Commissions

Our income is generated from fees and trail commissions paid by the lender in which the loan is with. These vary from lender to lender, but as a general rule we attract between 0.50% and 0.70% of the total loan amount as our upfront fee. For example, a $300,000 Home loan will attract a up front fee of between $1,500 to $2,100.

Trail commissions are on average between 0.15% to 0.20% and are paid by the lender on a monthly basis, and is calculated on the outstanding balance of the loan – usually on the anniversary month of the loan being drawn. These commissions are paid on the life of the loan.

As a minimum, AAP Finance Brokers will require mortgage loans to be placed with us for 18 months, and business loans for 24 months. If these loans are paid within these time frames, the lender is entitled to recoup their upfront fees and commission trails in full or part. We will talk to you about this should this occur.

Once we know what upfront fees and commissions are paid to us by the lender we will inform you through formal documentation.


Business Lending

Generally, business lending including, motor vehicle leasing and equipment finance attracts an up front fee negotiated between AAP Finance Brokers and the lender. These can vary from lender to lender and we will advise you prior to going ahead with any funding proposal.

Some lenders also offer a trail commission and again we will advise you once confirmed.


Business Advisory

We charge a consultancy fee of $250.00 per hour plus GST. Should the work be extensive we are happy to negotiate a monthly fee. Please contact us to discuss.


Other Fees for Service

AAP Finance Brokers can also receive upfront referrers fee’s when we offer insurance, financial planning or accounting referrals. This is determined at the time between ourselves and the service provider, and we will advise you of this upon confirmation of the fee.