mortgage advisor costs
This is a tax you pay when you buy a
property, based on the property’s
You will pay fees to your solicitor for
doing the legal work associated with
your purchase. This work is known as
A fee for registering your ownership of
Payable to your agent if you are selling
through one. Typically this is a
percentage of the final sale price.
Fees vary depending on how far and
how much you’re moving. You will
typically pay 50% as a deposit and the
rest on the day you move. It’s best to
get several quotations before deciding
which firm to use.
This is for the lender’s benefit not
yours. It satisfies them that the
property is worth what you say it is.
Property valuation / survey
This is for your benefit and satisfies
you that there are no issues with the
property you’re buying. You may pay
for a full structural survey or a less
comprehensive homebuyer’s survey.
Mortgage lender’s arrangement fee
You pay this to the lender for
arranging your mortgage, either up
front or by adding it to your loan.
Arrangement fees can vary
significantly depending on the
mortgage product you choose.
Early repayment charges
If you repay your mortgage in
full, or in part but exceed the agreed
partial repayment level, before the
end of your mortgage term you can
expect to pay a fee. This can range
from a simple administration fee to
significant early-redemption charges.
Higher lending charge
Where you are borrowing a high
proportion of your property’s value
your lender will insure itself against
you defaulting and property values
falling. The lender will usually pass this
cost to you by adding it to the loan