Fees and interest - Lending
The tables below show you our standard fees related to our lending facilities.
You might pay other fees depending on your individual circumstances. These fees, and anything that’s negotiable, will be confirmed in your facility agreement. You’ll need to sign this agreement before we can offer you a lending facility.
Applicable to all lending facilities:
| Fee Type | What is it? | Amount |
|---|---|---|
| Arrangement Fee | A one-off fee we charge for setting up a new facility. | Negotiable - Please speak to your relationship team. |
| Interest margin | A percentage added to the interest rate to reflect the costs and risk of lending money. | Negotiable - Please speak to your relationship team. |
| Legal Fee | Our fee for carrying out the legal work in arranging or amending your facility with us. This includes drafting and issuing any documentation. It also includes costs associated with searches and registration. | £200 + VAT* per new facility document. £80+VAT per amendment letter or security document. *If your total lending is under £250,000, this will be discounted to £80 + VAT. |
Overdrafts only
Including cross-currency overdrafts (CCO), commercial notional pooling (CNP) and intra-day limits (IDL)
| Fee Type | What is it? | Amount |
|---|---|---|
| Unarranged overdraft interest rate | The interest rate applied to any balance that exceeds the agreed overdraft limit. | 15.00% per annum (Fixed rate). |
Annual arrangement fee or renewal fee (Excluding CNP's) |
Our fee to cover the cost of reassessing an overdraft facility each year. | Negotiable - Please speak to your relationship team. |
One-off set-up fee (CNP's only) |
A one-off fee we charge for setting up a new facility. | Single legal entity with up to 10 accounts - £750 Single legal entity with over 10 accounts - £1000 Multiple legal entities with up to 10 accounts - £1000 Multiple legal entities with up to 10 accounts - £2000 |
Monthly maintenance fee (CNP's only) |
A monthly fee for maintaining your pooling facility with us. | £20 per account, per month |
Term Loans only:
| Fee Type | What is it? | Amount |
|---|---|---|
| Prepayment fee | A fee charged for repaying all, or part of your loan, outside of the contracted repayment schedule. | 1% of the amount prepaid. |
| Break cost - Variable Rate Loans | A fee which covers the losses we would incur when you repay a fixed-rate loan early. In some cases this might result in us owing you money. | £0 |
| Break cost - Commercial Fixed Rate Loans | £0 | |
| Break cost - Fixed Rate Loans | Please speak to your relationship team for this figure. |
Revolving Credit Facilities only:
| Fee Type | What is it? | Amount |
|---|---|---|
| Non-utilisation fee (commitment fee) | A charge to cover the costs associated with keeping money available that isn’t being used. This is usually a percentage of the lending margin. | Negotiable - Please speak to your relationship team. |
We reserve the right to make changes to these fees from time to time. We’ll write to you if we make any changes to our standard fees.
We might also charge for any:
- costs and expenses reasonably incurred
- liability we incur from setting up or amending any agreement or security.