FAQs
Please select the category you wish to view from
the links to the right-hand side.
Are there any higher lending charges?
No, higher lending charges are not
payable.
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How much is the transfer of funds fee and when does it apply?
If your client is purchasing a
property or moving their mortgage from another lender, or is an
existing C&G or Lloyds TSB mortgage customer borrowing more,
they will need to pay a non-refundable fee of £35 for the transfer
of money when the mortgage starts. The fee will be added to
your client’s mortgage and interest will be charged at the rate of
their main loan.
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Is an application fee payable?
If your client is purchasing a property or
moving their mortgage from another lender, they’ll need to pay a
£99 non-refundable application fee when you send us their mortgage
application. This fee is valid for 12 months, so if your
client’s application doesn’t go ahead for any reason, they can put
in another application within 12 months and won’t have to pay
another application fee.
An application fee is not applicable for
existing C&G or Lloyds TSB mortgage customers switching
products or taking out additional borrowing.
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Can the product fee be added to the loan?
Yes, the non-refundable product fee can be
added to the loan or paid up front. Interest is charged on
fees when they are added to the loan, at the interest rate of the
client’s main loan account. This also applies if the customer
takes out further borrowing. Click
Product fees for more information.
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How much are the valuation fees?
Click
valuation fees for full details.
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Is there a free or low cost legal work service?
For an overview of the qualifying criteria for
this service, click
free and low cost legal’s.
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Are there any Early Repayment Charges?
Yes in some cases. Clicking
Early Repayment Charge will provide you with the criteria of
when this charge applies.
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What additional services are provided and how much is charged for them?
If your clients ask for a service that is not
routinely provided for all borrowers, there may be a charge.
For a list of these charges please click
additional services for more information.
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Is there a mortgage exit administration fee (closing administration charge)?
A closing administration charge does not apply
to mortgages entered into on or after 1 August 2007.
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