Charges & Fees
Effective from 1st January 2006
Mortgage Accounts
New Application: Administration and Valuation Fees
| Purchase price or valuation | Admin fee | Valuation Fee | Total fee payable |
|---|---|---|---|
| up to 50,000 | £25.00 | £100.00 | £125.00 |
| 50,001 - 100,000 | £25.00 | £135.00 | £160.00 |
| 100,001 - 150,000 | £25.00 | £170.00 | £195.00 |
| 150,001 - 200,000 | £25.00 | £200.00 | £225.00 |
| over 200,000 | £25.00 | By arrangement | |
| Re-inspection | £35.00 |
Re-inspection fees are payable at the time the service visit is required.
Note - From time to time the Society's mortgage schemes may offer a free basic valuation with no administration fee payable.
Higher Lending Charge Applicable to New Applications and Homeowner Loans
| % Loan to value of the mortgage loan | Fee per 100 of the loan over the 75% level |
|---|---|
| From 85 up to 89.99 | £7.00 |
| From 90 up to 95 | £ N/a |
Homeowner Loans pay a higher lending charge when total borrowing is taken to 85% or more of property's value
e.g. Valuation: £40,000. Mortgage advance: £35,000 = 87.5%, 75% level = £30,000. The loan fee would be 7% of £5,000 (£35,000-£30,000) = £350.
Mortgage Administration Fee:
| Further Advance Administration Fee | £100.00 |
| Unpaid Direct Debit | £20.00 |
| Recalled Standing Order Payment | £20.00 |
| Returned Cheque | £20.00 |
| Stopped Cheque | £15.00 |
| C.H.A.P.S. Payment Fee | £25.00 |
| Lenders Reference | £50.00 |
| Second Mortgage Questionnaire | £100.00 |
| Duplicate Mortgage Statements | £25.00 |
| Deed of Variation | £75.00 |
| Deed of Easement | £75.00 |
| Deed of Grant | £75.00 |
| Title Deeds On Loan | £25.00 |
| Title Deeds Safe Custody | £100.00 |
| Title Deeds - Photocopies | £25.00 |
| Redemption Fee | £75.00 |
| Redemption Statement | £25.00 |
| Arrears Correspondence Charges | £20.00 |
| Arrears Administration Fee | £50.00 |
| Possession Administration Fee | £250.00 |
| Rate Switch | £100.00 |
| Term Amendment | £25.00 |
| Transfer of Equity | £100.00 |
| Release of Security | £75.00 |
| Tenancy Agreement Approval | £100.00 |
| Conversion of Loan Repayment Basis | £75.00 |
Solicitors Fees:
When mortgaging a property the services of a solicitor are required and you will be responsible for meeting all the costs. In order to establish the fees involved you will need to speak to your chosen firm of solicitors.
Insurance Services
| Use of a Private Policy for Buildings Insurance on a new mortgage | £25.00 |
| Transfer of Buildings Insurance to Private Policy | £25.00 |
Investment Accounts
| Stopped Cheque | £15.00 |
| Returned Cheque | £20.00 |
| Unpaid Direct Debit | £20.00 |
| Overseas Transmission of Funds | £40.00 fee or sterling equivalent in Euros |
| C.H.A.P.S. Payment Fee | £25.00 |
General Charges
| Personal Information Request (Data Protection Act) | £5.00 |
General Notes
CHANGES IN FEES: All charges and fees are subject to the discretion of the Society. However, when changes are made, we will print new advisory literature which will be available in all branches.
"Our Commitment To You"
We maintain our commitment to ensuring that our customers are kept fully informed about all our products and services, including their relevant charges and fees. It is our belief that up-to-date information is essential to allow our customers to make valued decisions regarding their financial affairs. Charges, fees and any other conditions which are currently in force are contained in this leaflet.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
| Links |
|---|
Privacy Policy - Terms & Conditions