Payments and fees

Arrangement Fee

The total arrangement fee is 1%, payable on application and non-refundable.

For applications below £300,000 a fee of £300 is payable on application (non-refundable).

For applications above £300,000 a fee of £500 is payable on application (non-refundable).

The remainder of the arrangement fee is payable on acceptance of a mortgage offer.

Solicitor’s fees

Please contact us for details of fees related to the Bank’s legal work.

The Bank will require its own solicitor to act for the Bank in the setting up of the mortgage and the cost of this work is payable by the borrower.

Valuation Survey fees

Please contact us for an indication of the cost of an independent mortgage valuation survey. The Bank will require a mortgage valuation of the property from an independent surveyor on the Bank’s panel of surveyors. The cost of the valuation is payable by the borrower.

Lump sum payments

There is no penalty for lump sum repayments or regular overpayments from your own resources. An early repayment charge equal to 3 months’ interest is payable if the mortgage is transferred to another lender whilst on a preferential interest rate.