Mortgage Lender Fees!

Typical fees and costs relating to a mortgage or Property purchase

Lender’s Valuation/ Survey fee

This is a fee paid to the lender usually on application, to arrange for a valuer

to visit your new property and value it for mortgage purposes. The fee is set

depending on the purchase price of your home. A typical valuation fee for a

property valued at around £140,000 would be £315

Lender’s Product fee

This is a fee to the lender that can be either paid up front or added to your

loan. Your adviser will confirm what options you have. These fees vary widely

from around £199 to over £1000. Often the cheaper the interest rate the

higher the fee.

Lender’s arrangement/admin fee

Some Lenders will also add an arrangement or application fee to their

charges. Once again these are sometimes payable on application or they

may be able to be added to your mortgage loan. These vary greatly from £50

to several hundred pounds. Some also charge exit fees for sending your

title deeds on to your solicitor or electronically sending your mortgage

funds to your solicitor.

Personal financial advice

Our advisers will go through all the small print with you and give you detailed

written quotations with all the lender’s fees. This is an important part of

getting truly independent mortgage advice.