If your current mortgage is tied into a deal, for example you have a 5 year fixed rate mortgage which you’re three years into paying, you may have to pay an Early Repayment Charge to get out of that deal. It’s normally a percentage of your mortgage balance and will be detailed in your mortgage offer and terms and conditions. If you can’t find it, just contact your current lender and they’ll be able to tell you how much it will be.
We offer a range of mortgages which have no product fee.
Mortgages with product fees usually carry a lower rate of interest during the initial product term. Product fees can be added to your mortgage, but it means that you pay interest on the product fee unless it is repaid within 14 days of completing on your mortgage.
This is normally charged by the lender as part of the mortgage process. It ensures that the property is worth the amount of money you’re borrowing.
You need a solicitor/licensed conveyancer to help with the legal aspects of moving your mortgage. Always get a quote upfront.
The account fee is charged by us for providing and administering your mortgage. It is payable on completion, however you can defer this fee until the end of your mortgage.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
All applications are subject to status and our leading criteria. This means that the ammount we will lend you will not depend on your individual circumstances, the type of property and the ammount you borrow. For example, we nay require a higher deposit if you are buying a flat or a new built property.