UK Mortgages Costs and Fees
What
this section does and How it helps you: This chapter
goes into the various costs that will be charged by your mortgage
lender.
Please
click on any of the links below to see further details.
What's the Problem?
It's
not always easy to understand the fine print of a mortgage deal
- after all, it is not every day that you negotiate a five or
six-figure secured loan.
Unfortunately,
the mortgage lenders do this every day, and they have a very advanced
understanding of all the different ways they can squeeze a little
more money from each borrower.
One
of the most common problems is hidden mortgage fees.
Many
of the fees you may potentially be charged will never
be mentioned to you, and even if they are, you will be
hard-pressed to remember them or understand when they might apply.
We've
scoured the terms and conditions of all the major lenders to come
up with this guide to mortgage charges and fees, and the names
they go by.
If
you are thinking of remortgaging or getting a new mortgage, then
you need to read on. We guarantee there will be something you
didn't know about.
Getting
Started
Most
people expect some fees at the beginning of a mortgage, and
they aren't usually disappointed. But mortgage fees and their
descriptions vary widely between lenders,
and there are sometimes a few charges you don't expect.
Bear
in mind that not all lenders charge all of these fees, but
many do. Here is our list of the fees you might have to pay
before you even move in:
Open
Costs
