This will depend on the type of mortgage product that you choose but usually a preferential mortgage rate product may have a ‘Product fee’. The amount of this will be linked to the type of product and we will advise you in advance what the associated costs will be. We will be happy to provide costings for your individual case, including the level of any Broker fee to be charged, so there are no surprises at any point in the process.
In terms of other costs, you will need to pay for your legal fees and survey fee although some lenders may cover the cost of that for you depending on what type of product has been recommended after taking into account your situation. Local Authority Search fees and other disbursements will also be payable to your Solicitors as well as Stamp Duty Land Tax (SDLT).
To find out how much the Stamp Duty will be on your purchase, please click on the button below to use our Stamp Duty Calculator.
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