ECU charges management and performance fees.
Management fees are charged on a banded sliding scale from 1% to 0.65% per annum, based on the size of a client's loan, and are payable monthly in advance by direct debit.
|Range of Loan||% Fee per annum
|£0 to £1,000,000
|£1,000,001 to £5,000,000
|£5,000,001 to £10,000,000
ECU charges a performance fee equal to 20% of the combined benefit of any interest savings and debt reduction, net of management and performance fees already paid and/or due. Performance fees are calculated and charged annually, on each anniversary of the commencement of ECU's mandate. Lending banks may allow performance fees to be added to a client's loan.
The performance fee is designed to ensure that ECU's interests are aligned directly with those of its clients.