mortgage fees advice

Mortgage Fees Advice

When you purchase a property, or re-mortgage, you will normally incur various fees which you need to take into account. These are broken down as follows:

mortgage purchase fees

Stamp duty (on completion)

Solicitors Fees

Valuation Fee (up front)

Lenders arrangement fee (usually added to the mortgage)

re-mortgage fees

Solicitors fee (this might be free via some high-street lenders)

Valuation fee (this might be free via some high-street lenders)

Lenders arrangement fee

mortgage sale and purchase fees

Stamp duty

Estate Agent Fees

Solicitors fees (for selling & buying)

Valuation Fee

Lenders arrangement fee

Hume Associates offer a no-obligation initial consultation. For mortgages you choose how we are paid:
Pay a fee up to £250 + we keep the commission from the lender, or
Pay a fee of £750 + you keep the commission from the lender.
Ask for further details.

stamp duty fees

http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm

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Solicitors Fees

Fee

Re-mortgages

£500 (approx)

Purchases (including searches)

£1200 (approx)

Estate Agent Fees

Fee

Sales

Based on the sale price. Typically this is around 1.5% - 3%. Shop around and don't be afraid to negotiate.

mortgage valuation fees

Paid up front, usually tiered based on purchase price (usually £250-£400). Each lender charges a different fee structure.

mortgage lenders arrangement fees

Paid on completion (usually added to mortgage). Can range between 0% to 4%. Generally, the higher the fee charged, the lower the interest rate will be.

Your property may be repossessed if you do not keep up repayments on your mortgage.

For Accident, Sickness and Unemployment insurance, we act as introducers only.

For solicitors and estate agents we act as introducers only.