Our tariff of charges fully reflects the good practice principles, which are being used across the industry to help customers compare mortgages.
When looking at the fees that other firms charge, you may notice some that don’t appear in our tariff (below). This means we don’t charge you these fees.
| Valuation fee | Charges for the cost of valuing your property, unless stated otherwise. Please see your Illustration for further information on this fee. Other homebuyer or structural surveys available at an additional cost. | This fee varies based on the property value. |
| Product fee (we call this ‘arrangement fee’) | Charged on mortgages as part of the deal. It might be a flat fee or a percentage of the loan amount. Please see your Illustration for further information. It can be paid up-front or added to the total mortgage amount. If you add it to your mortgage, you’ll pay interest on it at the same rate as the rest of your borrowing. | We will confirm the fee with you |
| Funds transfer fee (we call this ‘release of funds fee’) | Electronically transferring the mortgage funds to you or your solicitor. This fee is normally deducted from the loan. | £20 |
| Re-valuation fee | If your mortgage is released in stages, this covers the new valuation we need to do after the work has been carried out. | We will confirm the fee with you before we instruct the valuer |
| Further loan fee | Charged for the administration costs for dealing with further borrowing. This fee is normally deducted from the loan. | £175 |
| Dispatching title deeds and documents | Charged for sending title deeds and documents to your conveyancer. The fee will be debited to your mortgage account, although you may pay it separately if you wish. | Up to £50 We’ll tell you how much the fee will be when you ask for a redemption statement. |
| Early repayment charge (changing your mortgage) | You may have to pay this if:
|
This charge varies according to the mortgage product taken |
| Change of term/ payment method fee | Extending or reducing the remaining term of your mortgage or transferring all or part of your mortgage from a repayment to an interest-only basis or vice versa. | £50 |
| Partial release of property fee (we call this ‘release of security’) | Payable if you want to remove part of the property or land from the mortgage. It covers administration costs, including sealing the relevant legal deed and issuing of consent. We may also request an up to date valuation of the property before we can consider a release of security - see re-valuation fee. There maybe other additional charges, for example an arrangement fee. | £75 |
| Change of parties administration fee (we call this ‘transfer of equity’) | Our administration costs for adding or removing someone (a ‘party’) from the mortgage. | £145 |
| Consent to a lease on a commercial property | Our administration costs in considering lease documentation in respect of a commercial property. | £150 |
| Consent fee | Payable if you ask us to consent to something you wish to do to your property, such as granting and easement or option over it. The fee covers our review of documentation and administration costs. | £50 |
| Arrears fee | You may be charged an arrears fee when specific events happen in the management of your account when you are in arrears. We won’t charge this fee where you have an agreement to repay the arrears which you are maintaining. | £10 |
| Other charges may apply if you are in breach of the terms of your mortgage and will vary depending on your circumstances. These may include costs paid to third parties or solicitors we instruct for recovery of any monies that are due but unpaid, for example relating to possession of the property. | ||
| Early repayment charge (ending your mortgage) | You may be charged this if you repay your mortgage in full before the mortgage term ends. Please see your Mortgage Illustration for further information. | This charge varies according to the mortgage product taken |
| Mortgage exit fee (we call this ‘Redemption administration fee’) | You may have to pay this if
|
Up to £125 We’ll tell you how much the fee will be when you ask for a redemption statement |
| SOLICITORS FEES |
| We will instruct a Solicitor to act for it in completion of a mortgage, any transfer of title subject to the mortgage and in some cases further loans. The Solicitor’s fees will vary and you will need to pay the fees directly to the Solicitor. Wherever possible we'll use the same Solicitor as you. In other cases we may appoint a separate firm of Solicitors to act on our behalf. In such cases our Solicitors fees will be payable by you in addition to the fees due to your own Solicitor. |
Effective from 1 June 2023