Valuation report - As this is a report for mortgage valuation purposes only, you should not rely on it to tell you what you need to know about the condition of a property and it is strongly recommended that you arrange a more detailed report of the property for your own protection. You will be given the opportunity on the mortgage application form to request our valuer to contact you to explain the different types of report available and their costs.

Administration fee - You will need to pay an administration fee on application to offset the costs incurred by us in processing your mortgage application. The amount of the administration fee is specified with the details of each particular mortgage product. If your mortgage application does not proceed, we are not able to refund the fee if it has already been spent in processing your application.

Booking fee - Some of our products, like fixed rates, involve a booking fee to offset the costs to us of arranging the funds. This is payable at the time of application. The amount of any booking fee is specified with the details of each particular mortgage product. If your mortgage application does not proceed, we may not be able to refund the fee if it has already been spent in arranging the fixed or discounted rate funds.

Solicitor’s fees - If you are buying a property, as well as the conveyance costs you are responsible for all legal costs associated with setting up the mortgage. If the solicitor you choose is on our panel, we can usually instruct the same solicitor so they can act for us at the same time as for you, and this will save you money. Some solicitors will quote a fee in advance, whilst others may charge a standard fee, although they may have to charge more if the case is particularly complex. Other expenses such as stamp duty, land registry charge, and Local Authority and other search fees will be added to their bill.

References from other lenders - If you already have a mortgage with another lender, we may ask that lender to provide a reference. Your lender may charge you for this.

CHAPS fee - When your mortgage is due to ‘complete’ your solicitor will ask us to release the funds through the Clearing House Automated Payment System (CHAPS). The banks and the Society make a charge for this service, and this fee is specified on our fees and charges sheet which you will receive with your Key Facts Illustration (KFI) and will be deducted from the amount transferred to your solicitor.

Accrued interest - Interest is charged on your mortgage from the day advised to the Society as the completion date, and is charged monthly. Accrued interest for the period from completion to the end of the month in which completion occurs is added to the mortgage account and is payable with your first monthly payment. Shortly after completion, we will write to let you know the amount of accrued interest charged.

Other miscellaneous costs - There are some other costs associated with the administration and servicing of your mortgage account which may occur before or after completion. These are outlined on our fees and charges sheet which you will receive with your Key Facts Illustration (KFI).