• Fees and charges - information for your client

    • See table (below) for the fee payable to the society in relation to obtaining a valuation (for your client)
      • All fees include a non-refundable administration fee and the cost of a basic mortgage valuation
      • The fees are based on the price of the property
      • Where the property is being purchased at a preferential price, for example as a sitting tenant, the fee your client will pay will be based on the valuation of the property
      • The list of Homebuyer application fees is indicative only. The Valuer will confirm directly to the applicant the exact cost, based upon the age and size of the property and its geographical location.
      • The valuation fee must be paid by credit/debit card or cheque
      • We will only refund the cost of the basic mortgage valuation fee or Homebuyer survey element on a cancelled mortgage application if we have not issued instructions for the valuation or Homebuyer survey to go ahead
  • Purchase price or valuation up to: Basic application fee including: basic mortgage valuation fee* and a
    non-refundable administration fee     		Indicative Homebuyer application fee including: a basic mortgage valuation,
    a Homebuyer survey* and non-refundable administration fee

    £100,000

    £210.00

    £421.40

    £150,000

    £245.00

    £497.26

    £200,000

    £275.00

    £541.79

    £250,000

    £315.00

    £617.80

    £300,000

    £355.00

    £693.80

    £400,000

    £400.00

    £774.80

    £500,000

    £480.00

    £890.79

    £550,000

    £510.00

    £956.80

    £600,000

    £555.00

    £1,037.79

    £650,000

    £590.00

    £1,108.79

    £700,000

    £625.00

    £1,179.79

    £750,000

    £680.00

    £1,270.79

    £800,000

    £710.00

    £1,336.79

    £850,000

    £745.00

    £1,407.79

    £900,000

    £780.00

    £1,478.79

    £950,000

    £810.00

    £1,544.79

    £1,000,000

    £830.00

    £1,600.79

    £1,050,000

    £880.00

    £1,686.69

    £1,100,000

    £910.00

    £1,752.79

    £1,150,000

    £945.00

    £1,823.79

    £1,200,000

    £990.00

    £1,904.79

    £1,300,000

    £1,020.00

    £1,970.79

    £1,400,000

    £1,050.00

    £2,036.79

    £1,500,000

    £1,080.00

    £2,102.79

    £1,600,000

    £1,100.00

    £2,158.53

    £1,700,000

    £1,140.00

    £2,234.79

    £1,800,000

    £1,170.00

    £2,300.79

    £1,900,000

    £1,200.00

    £2,366.79

    £2,000,000

    £1,250.00

    £2,452.79

    £2,100,000

    £1,300.00

    £2,538.79

    £2,200,000

    £1,350.00

    £2,624.79

    £2,300,000

    £1,400.00

    £2,710.79

    £2,400,000

    £1,450.00

    £2,796.79

    £2,500,000

    £1,500.00

    £2,882.79

    £2,600,000

    £1,550.00

    £2,968.79

    £2,700,000

    £1,600.00

    £3,054.79

    £2,800,000

    £1,650.00

    £3,140.79

    £2,900,000

    £1,700.00

    £3,226.79

    £3,000,000

    £1,750.00

    £3,312.79

    * Includes VAT (where payable at the rate of 20%)

    Re-inspection

    • Our valuers may need to visit the property again and there is a fee for each extra visit
      • Extra visits may be needed to check if a part payment can be made where we're giving the loan out in steps
      • We may need to make sure a new property has been finished or check that any repairs have been done

  • General mortgage fees and charges

    Booking and valuation fee

    • Booking and valuation fees must be paid upfront by credit/debit card or cheque before the application can be processed

    Arrangement fee

    • There may be an arrangement fee on some of our mortgages
      • You can check whether these apply by clicking on Mortgage products in the Tools & Downloads box.

    Post offer switching fee

    • £35 for changes to the mortgage account after the offer but before completion

    Electronic funds transfer fee

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

    Buildings insurance

    • You must have buildings insurance
      • If you decide not to arrange your insurance through us, we charge £25 to cover our administrative expenses

    Renting out a property

    • £100 to consider your application if you wish to rent out your property
      • If we agree to your application we will charge an annual premium of £400 (non refundable) payable from the start date of the letting period
      • The premium will be charged annually until you tell us that you have re-occupied the property

    Releasing your life assurance policy

    • £50 to cover our costs in releasing your life assurance policy

    Changing your type of mortgage

    • £50 to change your type of mortgage
    • For example, from interest-only to repayment (of capital and interest)

    Changing your mortgage term

    • If you want to change the remaining term of your mortgage we charge a fee of £30

    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 Nottingham Building Society 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, ie 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

    Sending your deeds to your solicitor

    • £45 for getting your deeds out of storage and sending them to your solicitor
      • We will not charge this fee when you repay your mortgage in full

    Additional redemption statements

    • £20 per statement

    Interest at the end of your loan

    • For information about how interest on your loan is worked out please see your illustration and/or offer

    Early repayment charges

    • If you pay off all or part of your mortgage before the end of an early repayment charge period (usually this is on fixed, tracker, capped, discount or cashback mortgages) you will have to pay an early repayment charge
      • We can give you more information about these charges if you contact our Redemptions Department on 0115 956 4706

    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

    Home improvement loan application fee

    • £165 to cover our costs in considering your application if you want to borrow more money secured against your home to pay for home improvements

    Personal secured loan application fee

    • £165 to cover our costs in considering your application if you want to borrow more money secured against your home for personal reasons, eg, to buy a car or pay for a holiday

    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