TARIFF OF MORTGAGE CHARGES
Application and Product Fees
Application Fee
£100.00
Product Fee
Variable
Charged on application for assessing and processing a mortgage application.
This fee is non-refundable.
This fee is charged on acceptance of the mortgage offer, unless the product
terms state the fee is payable on application, as specified in the Key Facts
Illustration and the mortgage offer. The fee must be paid to the Society prior to
the advance monies being released. This fee is refundable if the application
does not proceed.
Valuation Fees
Valuation Fee
Variable
Re-valuation Fee
Re-inspection Fee
£100.00
£55.00
Charged on application. Not refundable once the valuation has been carried
out. As specified in the Key Facts Illustration and the mortgage offer.
Charged when a revaluation of your property is required.
Charged when a re-inspection of your property is required, subsequent to the
initial valuation, in order to release a further stage advance or confirm
completion of a property in the course of construction or renovation.
Legal Fees
Legal Fees
Variable
You will normally instruct a Solicitor to act on your behalf in connection with
arranging a mortgage on a property. You may be required to pay their legal
fees and costs as part of their work on your behalf. These fees/costs are
normally charged by the Solicitor, directly to you unless we tell you that we will
contribute to the legal costs as part of your product deal.
Variable
This fee is variable and is applicable if the mortgage is over 75% of the value or
purchase price of the property, whichever is lower, as specified in the Key Facts
Illustration and the mortgage offer. The amount payable will depend on the
amount of mortgage taken as the Society will contribute up to a maximum of
£1,500.00. Full details can be found in the Socety’s “A Guide to Mortgage
Services” booklet.
Variable
Charged if you repay your mortgage during the early repayment charge period,
as specified in the Key Facts Illustration and the mortgage offer. Please refer to
your mortgage offer for the terms and conditions applicable in respect of early
repayment charges.
£10.00
For each duplicate annual statement issued on request.
£23.00
This fee is applicable for any direct bank transfers made to a nominated bank
account after the initial mortgage advance release has been made, should the
advance monies be released in instalments.
Higher Lending Charge
Higher Lending Charge
Early Repayment Charge
Early Repayment Charge
Fees for Providing Information
Duplicate/Replacement Statement
Electronic Bank Transfer Fee
Electronic Bank Transfer Fee
Arrears
If Solicitors are instructed to act for the Society in arrears cases, or others, any costs incurred will be charged to your mortgage account.
You will be given 30 days’ notice in writing of any changes to the Tariff of Mortgage Charges
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS
ON YOUR MORTGAGE
JAN 2017
VERSION 1.70