• Fees and charges – information for your client

    • See table (below)for the fee payable to The Nottingham in relation to obtaining a valuation (for your client)
    Purchase Price (up to) Fee
    £200,000 £400 (£500 inside M25)
    £300,000 £600
    £400,000 £800
    £500,000 £875
    £600,000 £1,050
    £700,000 £1,225
    £800,000 £1,275
    £900,000 £1,350
    £1,000,000 £1,500
    £1m + By negotiation

  • General mortgage fees and charges

    Arrangement fee

    • There will be an arrangement fee on our commercial mortgages
      • Your offer will tell you if fees or charges apply

    Electronic funds transfer fee

    • £30 to cover our costs in sending your loan funds to your solicitor

    Buildings insurance

    • You must have buildings insurance

    Duplicate mortgage statement

    • Every January we send a statement to all our mortgage customers free of charge
      • If you want any duplicates, we charge £20 for each annual statement

    References for second charges

    • £75 for giving a second charge reference to another lender
      • A second charge is where your main mortgage is with The Nottingham and you get an extra loan, also secured on the property, from another lender

    References to other lenders

    • £75 for giving a reference about your mortgage account to another lender

    Sale of part of the security

    • £100 to cover our costs in considering your application to sell part of your mortgage security (usually this is part of the land)
      • This includes checking that there will still be enough security to cover the mortgage after the sale

    Transfer of title

    • £145 to cover our administration costs and approve the transfer arrangements if you wish to change the names your mortgage is held in, eg include your partner's name
      • You will also need to use a solicitor and you should check with them about how much they will charge

    Providing information from your title deeds

    • £15 to cover the administrative costs involved in searching for and supplying either an extract or specific information, eg boundary responsibilities, that you have asked for
      • If you ask us for a full copy of your title deeds, we will charge you a fee of £25

    Additional redemption statements

    • £20 per statement

    Unpaid Direct Debit

    • £15 if a Direct Debit for your mortgage payments is returned unpaid by your bank
      • We may re-present a Direct Debit, which will incur a further charge if unpaid again

    Unpaid cheques

    • £15 if you pay a cheque into your mortgage account and the bank returns it unpaid

    Contacting you if you fall behind with your mortgage payments

    • £28 administration fee every time we have to contact you if you fall behind with your mortgage payments
      • If you make special payment arrangements with us for a limited period and stick to them, we will stop making this charge
      • If you do not stick to the special payment arrangement we reached with you, we will charge a £33 administration fee for contacting you again

    Financial counselling

    • Up to £100 to cover the costs of an independent financial counsellor visiting you at your home to discuss your mortgage and other debt repayments
      • They also advise on special payment arrangements that may be available to repay or prevent a payment shortfall

    Legal action for possession of a property

    • £85 to cover our costs in obtaining information and preparing to issue a county court claim for possession of a property
      • There will be further charges to cover work involved in obtaining and enforcing an Order for Possession of the mortgaged property
      • Our solicitor's costs and the court fees must also be paid by you

    Taking possession of a property

    • £300 to cover our costs if we have to take possession of the property
      • You will also have to pay all other costs of securing and selling the mortgaged property, for example estate agents and solicitors conveyancing costs

    Notes to fees and charges

    • These charges are subject to changes from time to time
      • If you have a mortgage with us and we introduce new charges, or increase existing charges, or change to your disadvantage the way you will have to pay charges, we will tell you about the change at least 14 days before it takes place, either by letter or other personal notice, or by a general notice in our branches and principal office, together with press advertisements