Our fees
See which fee structure is relevant to you and your client's mortgage, including application fees, valuation fees and procuration fees.
For our standard product fees, see our product pages or if you have any further questions, contact our Mortgage Desk or your BDM.
Application and valuation fees
Our application fee includes £175 to process the application and a valuation fee. The valuation fee is based on the greater of the purchase price or value of the property. The application fee is payable on application and is non-refundable.
We will initially collect the relevant fee in line with our fee structure based on the estimated property value. If the actual valuation, after the property has been assessed by our appointed panel valuer, is below or more than the estimate then the following applies:
- If the property has been valued below the estimated value and falls into a new fee band, then we will refund the difference between the initial fee collected and the actual fee payable based on our application fee structure.
- If the property has been valued more than the estimated value and falls into a new fee band, then either a) if the difference between the fee bands is below £100 we will not charge a higher fee, or b) if the difference between the fee bands is equal to or more than £100 we will charge the higher application fee and the customer will be liable to pay the difference. Any additional fee amount will need to be paid before an offer is issued.
Please refer to the information on the page for the individual product you’re applying for, to see which of the valuation fee scales below will apply.
Our standard application and valuation fee structure
All applications will be subject to a £175 application fee, plus the valuation fees below:
Residential Value | Standard valuation fee scale |
|---|---|
| £120,000 to £200,000 | £190 |
| £200,001 to £300,000 | £236 |
| £300,001 to £400,000 | £282 |
| £400,001 to £500,000 | £333 |
| £500,001 to £600,000 | £402 |
| £600,001 to £700,000 | £472 |
| £700,001 to £800,000 | £569 |
| £800,001 to £900,000 | £666 |
| £900,001 to £1,000,000 | £763 |
| £1,000,001 to £1,250,000 | £902 |
| £1,250,001 to £1,500,000 | £1,041 |
| £1,500,001 to £1,750,000 | £1,180 |
| £1,750,001 to £2,000,000 | £1,327 |
| £2,000,001 to £2,500,000 | £1,475 |
| £2,500,001 to £3,000,000 | £1,623 |
| £3,000,001 to £3,500,000 | £1,850 |
| £3,500,001 to £4,000,000 | £2,128 |
| £4,000,001 to £4,500,000 | £2,405 |
| £4,500,001 to £5,000,000 | £2,775 |
Some of our products benefit from a discount to the valuation fee scale above. Please refer to the information on the individual product page to find out more information.
Our application and valuation fee structure for Multi-Unit Freehold Blocks
All applications will be subject to a £175 application fee, plus the valuation fees below:
Purchase Price / Estimated Value | Standard valuation fee scale |
|
| Up to £200,000 | £1,250 | |
| £200,001 - £250,000 | £1,300 | |
| £250,001 - £300,000 | £1,350 | |
| £300,001 - £400,000 | £1,425 | |
| £400,001 - £500,000 | £1,500 | |
| £500,001 - £600,000 | £1,600 | |
| £600,001 - £700,000 | £1,750 | |
| £700,001 - £800,000 | £1,900 | |
| £800,001 - £900,000 | £2,025 | |
| £900,001 - £1,000,000 | £2,175 | |
| £1,000,001 - £1,250,000 | £2,500 | |
| £1,250,001 - £1,500,000 | £2,750 | |
| £1,500,001 - £1,750,000 | £3,000 | |
| £1,750,001 - £2,000,000 | £3,200 | |
| £2,000,001 - £2,250,000 | £3,400 | |
| £2,250,001 - £2,500,000 | £3,600 | |
| £2,500,001 - £2,750,000 | £3,850 | |
| £2,750,001 - £3,000,000 | £4,175 | |
| £3,000,001 to £3,250,000 | £4,400 | |
| £3,250,001 to £3,500,000 | £4,600 | |
| £3,500,001 to £3,750,000 | £4,900 | |
| £3,750,001 to £4,000,000 | £5,100 | |
| £4,000,001 - £4,250,000 | £5,250 | |
| £4,250,001 - £4,500,000 | £5,500 | |
| £4,500,001 - £4,750,000 | £6,000 | |
| £4,750,001 - £5,000,000 | £6,500 |
Some of our products benefit from a discount to the valuation fee scale above. Please refer to the information on the individual product page to find out more information.
Product Fees
Typically a Product Fee will be present on a product where the purpose of borrowing is for a House Purchase or Remortgage. The standard product fee relating to a specific product can be found on the relevant product page. This fee can be paid upfront, deducted from the total loan amount, or be added to the loan subject to this not exceeding a product or lending LTV limit. Please contact our New Business Team if the preference is to pay upfront.
Where the loan exceeds £500,000 we usually charge an enhanced large loan fee, being 0.30% of the advance for Owner Occupier cases and 0.40% for Buy to Let. However, if the product selected has a standard product fee based on a percentage of the advance then the product fee we charge will be whichever is the higher of the standard product fee or large loan fee.
Procuration fees
| Application type | Product type | Submit direct to us* | Submit via Mortgage Clubs** |
| Purchase or Remortgage | Owner Occupier mortgages (excl. offset & Family Mortgages) | 0.40%, min £180 | 0.42%, min £189 |
| Owner Occupier offset mortgages (excl. Family Mortgages) | 0.50%, min £225 | 0.52%, min £234 | |
| Family Mortgages | 0.55%, min £247.50 | 0.57%, min £256.50 | |
| Buy to Let mortgages | 0.50%, min £225 | 0.52%, min £234 | |
| Product transfers | Owner Occupier mortgages (excl. offset & Family Mortgages) | 0.40%, no min | 0.42%, no min |
| Owner Occupier offset mortgages (excl. Family Mortgages) | 0.50%, no min | 0.52%, no min | |
| Family Mortgages | 0.55%, no min | 0.57%, no min | |
| Buy to Let mortgages | 0.50%, no min | 0.52%, no min | |
| Further advances | ALL products (Owner Occupier and Buy to Let) | 0.25%, min £5.00 | 0.27%, min £5.40 |
*Directly authorised brokers submitting business to us directly
**Mortgage clubs will deduct 0.02%
The product transfer proc fees displayed above will apply for any product transfers requested from 5 October 2023.
Payment of procuration fees
Payments are made by cheque or BACSs, seven working days following completion. Cheques will be made payable to the intermediary firm and sent to the address registered with the Society.
If you are an appointed representative of a network or submit via a mortgage club, the payment will be made to these organisations, unless there are specific arrangements in place not to do so.
Any change of payment details or the registered address must be notified to the Society in writing. In cases where the introducer is an individual, the Society will declare details of the payments made when making its statutory return to the HM Revenue & Customs at the end of each tax year.
You can also submit business via the following packagers: Manor Mortgages (inc. Manor Mortgages Direct), Complete FS, Brightstar, TFC Homeloans (All Money Matters), Brilliant Solutions, Impact, Connect For Intermediaries, Dynamo, Positive Lending, Rockhopper, Specialist FS, The Mortgage Trading Company, Knight Funding, Danire Finance and 3MC. Procuration fees via these routes may vary.