Fees and charges

There can be costs associated with your mortgage and we recommend that you read through and fully understand the fees and charges associated with your mortgage.

Should you need any help, our customer support team will be on hand to answer any of your questions.

Your mortgage is secured on your home. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Our valuation fees

The mortgage valuation is to assess whether or not the property you want to buy provides enough security to the Society for your mortgage. To get this information we may ask our valuer to visit the property and produce a report.

The cost of the valuation depends on the purchase price of the property. The following scales of fees apply.

Please note: Depending on which product you are on will relate to which scale will apply.

Scale A - With effect from 9 November 2015.

Purchase Price*/ Valuation

Standard Valuation Fee (£)

Homebuyers/ Scheme 2 (£)

Up to £100,000

185

375

Up to £200,000

220

475

Up to £300,000

255

575

Up to £400,000

365

675

Up to £500,000

470

750

Up to £600,000

580

845

Up to £700,000

690

940

Up to £800,000

755

1060

Up to £900,000

855

1185

Up to £1,000,000

955

1310

Up to £1,500,000

1230

1735

Up to £2,000,000

1630

2160

 

Scale B - With effect from 24 October 2017.

Purchase Price*/ Valuation

Standard Valuation Fee (£)

Homebuyers/ Scheme 2 (£)

Up to £100,000

140

375

Up to £200,000

185

475

Up to £300,000

225

575

Up to £400,000

325

675

Up to £500,000

425

750

Up to £600,000

525

845

Up to £700,000

625

940

Up to £800,000

725

1060

Up to £900,000

825

1185

Up to £1,000,000

925

1310

Up to £1,500,000

1200

1735

Up to £2,000,000

1600

2160

Additional borrowing / Reinspections

125 **

 

** Where a loan is made on condition that the property is completed or that certain work is done, a reinspection is necessary and the appropriate fee will be charged.

* The fee charged is normally based on the purchase price of the property at the time of the inspection.  If the price you are paying is preferential, or it is not known at the time of inspection, we will charge the fee based upon the valuation figure.

As the standard valuation is only for our use, you may also choose to arrange your own homebuyers report and valuation or a full building survey.

Homebuyers report and valuation

You may want to instruct an independent surveyor to carry out a more detailed report on particular points about the property. The report is mainly for your information but we will ask the valuer to complete our mortgage valuation. There may be an additional charge for this. If you ask us to arrange a homebuyers report and valuation on your behalf, the costs are as detailed in the homebuyers/ scheme 2 column.

Building Survey

You could choose a full building survey if the property you are buying is very old, if it is not built from traditional bricks or stone, or if it is built in a complex or unusual way.  The cost of this type of survey can be quite high as a result of the amount of time spent preparing it. You will also have to pay for any specialist reports which are recommended in the survey.  However if they uncover any serious problems, it could actually save you money to find out before you are committed to buying the property.

You will have to find an independent surveyor to carry out this survey for you.

Here you can pay your mortgage related fees online.

Pay application fees online