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.
| 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 |
£25 |
| Product fee (we call this ‘arrangement fee’) |
This is charged on mortgages as part of the deal. It can be paid up-front or in some cases can be 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. It might be a flat fee or a percentage of the loan amount.
Further information on the product arrangement fee is given in the Key Facts Illustration which you were given when you made your mortgage application |
We will confirm the fee with you |
| Re-inspection fee |
If your mortgage is released in stages, and you are using it for renovations this covers the new valuation we need to do after the work’s 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. There may be other additional charges, for example an arrangement fee |
£100 |
| Re-valuation fee |
Charged if we need to re-value your property |
We will confirm the fee with you before we instruct the valuer |
| Duplicate/interim statement |
Requesting a copy of a previous mortgage statement or an interim statement of your account as it stands. It might be paid by you or another lender. |
£10 |
| Request for legal documentation fee (we call this ‘information from your title deeds’) |
Any original documents relating to your mortgage, e.g. title deeds, that you ask for. The fee will be debited to your mortgage account, although you may pay it separately if you wish |
£25 |
| Dispatching title deeds and documents |
Charged for sending title deeds and documents to your conveyancer and includes the cost of postage. The fee will be debited to your mortgage account, although you may pay it separately if you wish |
£45 |
| Early repayment charge (changing your mortgage) |
You may have to pay this if:
- you overpay more than your mortgage terms allow or;
- you switch mortgage product or lender during a special rate period (e.g. while you’re on a fixed or tracker interest rate)
Further information on the early repayment charge is given in the Key Facts Illustration which you were given when you made your mortgage application |
The charge will vary according to the type of mortgage product taken |
| Change of term fee |
Extending or reducing the remaining term of your mortgage. There maybe other additional charges, for example an arrangement fee |
£40 |
| Change of payment method fee (we call this ‘change of repayment basis’) |
Transferring all or part of your mortgage from a repayment to an interest-only basis or transferring all or part of your mortgage from an interest-only basis to a repayment basis. There maybe other additional charges, for example an arrangement fee |
£40 |
| 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. Additional fees may apply. These will be notified in advance |
£150 |
| Giving you a reference |
Charged if another lender asks us for a mortgage reference, such as how you have managed your mortgage account with us. We will only supply this if you have given us permission |
£55 |
| Completing second charge questionnaire |
Charged if another lender requests information from us (with your permission) to enable them to consider giving you a loan secured on your property or after giving you a loan secured on your property |
£25 |
Consent to a lease on a commercial property |
Our administration costs in considering lease documentation in respect of a commercial property |
£150 |
| Unpaid/Returned Direct Debit or cheque |
Payable when your bank rejects a direct debit collection, or your payment by cheque is returned unpaid by your bank |
£15 |
| Arrears fee |
You may be charged an arrears fee when specific events happen in the management of your account when you are in arrears. This covers charges in respect of your account if you fall behind with your payments. We won't charge this fee where you have an agreement to repay the arrears which you are maintaining |
£10 |
| Management fees |
These fees are charged to cover the additional time spent monitoring or managing accounts in arrears |
Up to £200 per month |
| Instructing solicitors |
Payable to cover the administration work involved each time we instruct solicitors to act in the collection of arrears of payments |
£70 |
| Sale of property in possession |
Payable to cover the administration costs in connection with the sale of a property which is taken into possession |
£500 |