Effective 1st June 2024
This page explains the Society's current costs and fees. These charges may change in future to reflect our underlying costs. Should you need any further help in understanding them, please do not hesitate to contact us.
Effective 1st June 2024
This page explains the Society's current costs and fees. These charges may change in future to reflect our underlying costs. Should you need any further help in understanding them, please do not hesitate to contact us.
This fee will apply when the mortgage funds are transferred electronically to your bank or to your solicitors bank, where the funds need to be available (cleared) on the same working day.
This fee applies when a request is received to release part of the property or land currently mortgaged to the Society (it may also be necessary to pay a re-valuation fee)
This fee is payable if your bank returns a cheque or recalls a direct debit due to insufficent funds.
This fee applies when the Society provides both title and/or accounting information to a proposed second mortgagee.
This fee applies if you transfer the method of repaying your mortgage from interest-only to repayment, or vice-versa.
This fee applies if the Society is asked to give formal consent to the registration of a secured charge by another lender.
This fee applies if we change the remaining term of your mortgage at your request.
This fee covers the cost of providing a mortgage reference to another lender.
This fee applies if you require us to retrieve your deeds and provide photocopies of documents.
This fee applies should your accountant request information relating to your mortgage.
This fee covers the costs incurred by us when processing a request to vary the security held.
This fee is for approving the change of borrower, sealing the transfer deed and all other related administration.
If you wish to rent your house to another party you will need to obtain the Society's permission. This fee covers the cost of approving the letting and other associated administration.
You will receive a mortgage statement at the beginning of each year free of charge. The fee will only apply should you request a duplicate.
This fee applies should it be necessary for the Society to have an update of the property's value (for example, in conjunction with an additional advance application)
This fee applies should it be necessary for the Society’s valuer to revisit the property (for example, to confirm whether repair or improvement works have been carried out)
This fee covers the cost of processing your application for additional borrowing (it may also be necessary to pay a re-valuation fee)
This fee is payable when your mortgage is paid off in full, whether at the end of the mortgage term or if the mortgage is paid off before then - such as if you move to another lender. It covers the administrative costs associated with redemption including the removal of our mortgage charge at HM Land Registry and the provision of mortgage redemption statements to your solicitor.
If you don’t make your mortgage payments, we will take action to recover any money unpaid. This may include (but is not limited to); using a specialist third party to make a home visit, instructing our solicitor and ultimately taking possession of the property under the terms of the mortgage. Fees that we incur vary based on individual circumstances and will be passed on to you in full, with no additional costs added.