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.
For our Owner Occupier products we offer a free valuation for property values up to £500,000. For property values above £500,000 a discount of £330 applies.
For our Buy to Let products the valuation fee is always payable.
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.
Our application fee structure
|Residential Value||Owner Occupier||Buy to Let|
|£100,001 to £200,000||£175||£365|
|£200,001 to £300,000||£175||£411|
|£300,001 to £400,000||£175||£457|
|£400,001 to £500,000||£175||£508|
|£500,001 to £600,000||£247||£577|
|£600,001 to £700,000||£317||£647|
|£700,001 to £800,000||£414||£744|
|£800,001 to £900,000||£511||£841|
|£900,001 to £1,000,000||£608||£938|
|£1,000,001 to £1,250,000||£747||£1,077|
|£1,250,001 to £1,500,000||£886||£1,216|
|£1,500,001 to £1,750,000||£1,025||£1,355|
|£1,750,001 to £2,000,000||£1,172||£1,502|
|£2,000,001 to £2,500,000||£1,320||£1,650|
|£2,500,001 to £3,000,000||£1,468||£1,798|
|£3,000,001 to £3,500,000||£1,695||£2,025|
|£3,500,001 to £4,000,000||£1,973||£2,303|
|£4,000,001 to £4,500,000||£2,250||£2,580|
|£4,500,001 to £5,000,000||£2,620||£2,950|
The Owner Occupier fees listed include our free or discounted valuation offer.
Product fees on larger loans, expat applications and Buy to Let Limited Companies
For Owner Occupier applications where the loan exceeds £500,000 the product fee will be 0.30% of the advance. For Buy to Let applications where the loan exceeds £500,000 the product fee will be 0.40% of the advance.
For Expat applications the product fee charged will be the standard product fee or large loan fee (whichever is higher).
For Buy to Let Limited Companies the product fee is 1.25% for loans up to £500,000 and 1.65% of the loan amount for loans above £500,000.
|Case type||Submit direct to us*||Submit via Mortgage Clubs|
|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 switches||0.20%, no min||0.22%, no min|
|Further advances||0.25%, min £5.00||0.27%, min £5.40|
*Directly authorised brokers submitting business to us directly
**Mortgage club will deduct 0.02%
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: Ingard, Manor Mortgages (inc. Manor Mortgages Direct), Complete FS, Platinum Options, Brightstar, TFC Homeloans (All Money Matters), Brilliant Solutions, Impact, Connect For Intermediaries, Dynamo, Mortgages For Business, Positive Lending, Rockhopper, Specialist FS, The Business Mortgage Company (TBMC), The Mortgage Trading Company, Crystal Specialist Finance and 3MC. Procuration fees via these routes may vary.