Mortgages

We know that writing cheques for surveys and fees isn't much fun, but it helps to know what's in store. That's why we make our fees reasonable and easy to understand.

Mortgage valuation fee

We always value your chosen property, purely because the value of your new home must cover your proposed mortgage with us.

Our fees for this vary depending on the size and value of the property, but for a house with a purchase price between £100,001-£150,000, we charge £150.

If your mortgage meets certain criteria, we can use an Automated Valuation Model (AVM) instead of a standard mortgage valuation. This uses a computer based model to estimate the value of the property without physically inspecting it. If your mortgage qualifies for an AVM it will cost £60.

We also offer two surveys that are more detailed:

• Homebuyer's Survey
• Building Survey

Our staff will be happy to discuss the options and their respective costs with you.

Homebuyers Survey

You want the house to be standing when you complete your mortgage, which means employing a surveyor to inspect the inside and outside of the property and report back on anything untoward.

We can carry out a Homebuyers Survey at the same time as the mortgage valuation is done, saving time and money. This is a more detailed survey and you will receive a report on the condition of the property, stating any repairs or defects that need attention.

Structural Survey

If you're moving into an old house, or the surveyor has identified possible problems, you should think seriously about a Structural Survey to avoid being saddled with costly repairs or corrective work.

The Structural Survey is the most detailed of all inspections, and needless to say, it will cost you more. But you'll receive a detailed report on all accessible parts of the property, whether visible to the naked eye or not.

Administration fee (£100 non-refundable)

This is a non-refundable fee and covers the costs of us studying your details, giving you a decision and establishing your account with us.

Arrangement fee (non-refundable)

With some of our mortgages, we charge an arrangement fee. This fee is used to reserve a particular product or rate for you and will need to be paid at the time of your application. The arrangement fee is non-refundable and may vary for individual products.

The mortgage you choose will then be reserved for 4 months once your application has been received along with any applicable fee.

Re-inspection and final inspection fees

(£55 and £35 respectively)

Where your mortgage is released in stages or part of the mortgage is retained, for example where your property is being renovated, we send a valuer to inspect work-in-progress, and again to provide a final valuation before releasing your money.

We charge a modest, fixed fee for both inspections.

Early repayment charges

It may seem strange incurring a charge for paying money back early, but the early repayment on some mortgage products results in a cost for us, so we ask you to contribute to this loss.

Not all mortgage products carry this charge, so be sure to ask about it when you take out a mortgage with us or take a look at the further information on each individual product.