Fees and charges

We make charges for some of the additional services we carry out. This information has been produced so you may take these costs into consideration when using our services.

You can add some of the fees to your mortgage but remember, interest will then be charged on these fees.

Mortgage account fee:

(applicable from 22nd February 2009) £275.

Consenting to transactions during the life of the mortgage: £75

This includes tasks such as:

• Consenting to transactions, including releasing part of the land, variations of leases and grants of easements.

Please note that additional charges will apply where a valuation is required. Please call us for further information.

Copy title documents: from £5

The charge will be £5 per document up to a maximum of £17.50 where multiple copies are required.

Production of title documents: No fee

We charge no fee when we send your title documents to your solicitor or other legal representative.

Valuation fees

Initial valuation fee from £215

Initial valuations cost from £215. An initial valuation is required when you take out a new mortgage with us. Fees are variable depending on the value/purchase price of the property and the scheme. We will confirm the charge to you before arranging the valuation.

Property re-valuation fee from 1/2 valuation fee

An initial valuation is valid for six months from the date of inspection. If your mortgage does not complete within this time, we may ask the valuer to value the property again and will confirm the charge to you as and when it occurs. Fees are variable depending on the value/purchase price of the property and the scheme.

Property re-inspection fee - release of retentions and / or self build stage release £114

Property re-inspection fee - release of land - 1/2 valuation fee

This is charged where a re-inspection is necessary after the initial valuation is carried out.

Arrangement fee*: £299

This fee is charged if you take out additional borrowing.

This fee can be paid upfront or added to the loan.

* This may appear differently on your mortgage statement.

Adding or removing parties to the mortgage: £199

This is charged if you ask us to change the parties to the mortgage account. The fee is payable when you return your completed application form. If the transfer does not take place, £100 will be refunded to you.

Product transfer fee: variable

If you change the product (interest rate) after completion of your mortgage, there may be a product fee for the new product. This will vary in amount depending on what product is chosen.

Lenders references & second charges: £100 (incl.VAT)

If you are thinking of moving your mortgage to another lender, they may write to us for information on how you have conducted your account with us. We will require payment of this fee before we respond. It will normally be added to your mortgage account.

If you want to take out a second or other loan secured on the property with another lender, they may ask us for details of the account you have with us. This fee must be paid in full before we respond. It will normally be added to your mortgage account.

Vacating fee

If we charge a vacating fee, we will tell you the amount of the fee and whether it is variable in your most recently accepted mortgage offer, further advance offer or mortgage product transfer offer. The amount of the fee, if applicable, will also be shown in your annual mortgage statement and in any amount owing statement we issue. We will also tell you the amount of the fee at any time you ask us to. This fee will be waived if the mortgage has run its full term (including any agreed extensions and/or term applicable to any further advance).

Transmission fees: £35

Telegraphic transfers - when you complete your mortgage we can transfer money through the banking systems to your solicitor's account without using a cheque. This means the money will arrive on the same day. A charge is made for each transaction.

Other charges: £75

Payment of ground rent or service charges.

Collections and recoveries fees

Arrears letters: from £35

There is no charge for the first letter sent or telephone call made, but fees will be charged for any further contact.

Arrears statements: £15

This fee is charged for providing an additional statement of arrears on your account. A charge is not made for automatic statements.

Issue of a formal demand: £50

If we intend to take legal action to recover the arrears on your account we will formally notify you.

Instructing solicitors: £125

This charge is made where it becomes necessary to instruct solicitors to commence legal proceedings.

Banking fees: £35

This charge is made for returned direct debits / dishonoured cheques.

Other expenses

Borrowers will have to pay any costs we pay to third parties that we may instruct to recover any money owed to us, or to create or protect our security, or in using our legal rights.

We may be required to pay external field agent fees and solicitors' charges, which you will need to reimburse us for.

A copy of this information will be sent to you each year with your mortgage statement.

Please note the level of fees charged is subject to change and we advise you to check with us the cost of any fees or charges.