|Description||Amount||The charge is made:|
|Adding or removing someone from the mortgage||£160||If you ask us to consent to a change in the ownership of the property while the mortgage is in place.|
|Closing administration charge*||£50||When you repay your mortgage.|
Please remember that it may also be part of the agreement between us for certain mortgages that we may apply an early repayment charge if you repay all or part of the loan, or change its terms, within the first few years. Please check your loan agreement or subsequent documentation for details.
There may be a charge if you fall behind with your mortgage payments
If you get behind with your payments (you go into arrears) when there is no agreement between you and us for you to pay less or miss a monthly payment, you will have to pay an arrears charge.
If, after reasonable requests, you do not pay the amount outstanding, we may also charge you for any additional administration involved. The table below shows the most common of these charges, but on occasions there may be charges for other activities not shown here. We will always tell you when we intend to make such a charge and how much it will be. There may also be additional legal costs which you would have to pay and which can be expensive.
|Arrears management fee
Where we have to write to you, we will charge you a management fee
|Solicitor's repossession instructions
If we instruct solicitors to collect arrears or seek possession of your property
If we take the mortgaged property into possession
As well as the above fees, you would also have to pay any costs we pay to third parties who we may ask to recover any money you owe us, or to create or protect our security, or to carry out legal work for us.
- Each visit by an External Field Agent.
- Solicitor's charges.
- Possession management fees.
We will write to tell you before we ask a third party to act for us.