Mortgages

Although we aim to offer you every day mortgage services free of charge, occasionally we have to make a charge as we believe it is only fair to pass the costs of these services on to those customers who use them. We can then pass the maximum benefit on to our Members through the Britannia Membership Reward.

If you require more information on one of our mortgage services please call us on 0845 121 7912.

Calls from a BT Together landline will cost no more than 4p per minute plus a call set up fee of 6p. Mobile and other providers’ charges may vary.

General Account Maintenance

	FEE TYPE		DESCRIPTION		FEE
	Transfer of Ownership/Equity		Changing the names on your mortgage		£100
	Letting Your Home		Checking the terms of the tenancy agreement		£100
	Change of Repayment Type		Changing a mortgage from interest only to repayment or vice versa		£50
	Duplicate Year End Statement or Adhoc Interim Statement		Covers the cost of reproducing and dispatching the ad hoc interim statement		£15 (per calendar year)
	Second Charge Questionnaire		Charge for providing information to other lenders if a secured loan is taken on the property		£65
	Discharge Fee		To cover the administration of closing your account prior to its scheduled term expiry date (per event^)		£125
	Change of Mortgage Term		Administration and assessment of an account when a request is made to change the outstanding term on a mortgage account		£50*

*No charge if done at the same time as a Change of Repayment Type.

^If you redeem one or more sub-accounts on the same occasion, this is counted as one event, and there will only be one charge. If you redeem sub-accounts on separate occasions, they are counted as separate events and you will be charged for each event.

Deeds Administration

	FEE TYPE		DESCRIPTION		FEE
	To Seal Deeds and Release Land/Collateral		For checking and sealing Deeds if you sell off part of the property/security		£60
	Release of Title Deeds		Retrieval of title deeds, distributing them and ensuring their safe return to the Society		£35
	Boundary Enquiries		Photocopied extracts of title deeds		£17.63
	Boundary Enquiries		Full copy of title deeds		£29.38
	Deeds Retention Service		Secure storage of title deeds following repayment of the mortgage (annual fee)		£23.50

Arrears Management

	FEE TYPE		DESCRIPTION		FEE
	Unpaid Ground Rent Arrears		Management and payment of outstanding ground rent or service charges for leasehold properties		£50
	Payment of Ground Rent Arrears		charged by the Landlord or Agent. Payment made by the Society as a result of non-payment by the borrower		Variable
	Unpaid Direct Debits		To cover the cost of unpaid Direct Debits		£20
	Unpaid Cheques		handling charge if cheques are returned unpaid by your bank		£20
	Referrals to Collections Department		For preparing your file prior to referral to our Collections Department and amending our records		£55
	Monthly Arrears Charge		For managing the mortgage account until the arrears are cleared		£25
	Formal Notice		For giving formal notice of intentions to pass the account to our litigation department		£50
	Arrears Counselling Service		For a home visit from a trained counsellor to try and resolve the arrears situation		£94
	Litigation fee		For preparing the documentation our solicitors require to commence proceedings to possess the property		£115
	Arrears Warrant Fee		For preparing the customer's file and issuing instructions to our solicitors to issue a warrant for possession		£100
	Ad hoc Arrears Statement Charge		To issue an Ad hoc Arrears Statement		£10
	Mortgage Possession Fee		For preparing the file prior to referral to the sales team, instructions to our asset managers and the ongoing management of the account through sales and claims		£200