Fees and charges

To make it easier to manage your money when it comes to your mortgage, it is important to be aware of any fees and charges.

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 mortgage type

We charge £50 for changing your mortgage type from repayment (of capital and interest) to interest-only. We do not charge if you change your mortgage type 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 name/s your mortgage is held in, e.g. including 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, e.g. 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

A redemption statement is issued free of charge upon request. Any subsequent requests within the same calendar month will incur a £20 fee.

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.

Release fee

If you repay the whole mortgage early, a release fee is applicable. Please see your original mortgage offer for details of this fee.

Unpaid Direct Debit

£15 if a Direct Debit for your mortgage payments is returned unpaid by your bank.

Contacting you if you don't repay your mortgage at the end of the term

We may charge a £28 administration fee if we have to contact you about your mortgage after the term has expired.

Unpaid cheques

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

Home improvement loan application fee

£99 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

£99 to cover our costs in considering your application, if you want to borrow more money secured against your home for personal reasons, e.g. to buy a car or pay for a holiday.

Contacting you if you fall behind with your mortgage payments

If you don't keep to a special payment arrangement we have reached with you we'll charge an administration fee of £28 for contacting you again.

We may also charge this fee to cover our administration costs if we need to contact you if you have not repaid your mortgage at the end of the term.

Payment of Service Charge and/or Ground Rent fee

If we have to pay Ground Rent, Service Charges or Shared Ownership rent to your landlord or management company to avoid forfeiture of your lease, we will charge £50 to cover our administration costs. We will also recalculate your monthly mortgage payments to take into account the amount that has been added to your loan balance.

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

You'll pay a fee if we have to take possession of a property. You will also have to pay the costs of securing the property, such as estate agents' fees and solicitors' conveyancing costs.

These charges are subject to change. If you have a mortgage with us and we introduce new charges, increase existing charges or change to your disadvantage the way you pay charges, we will tell you at least 14 days before the change takes place. This will be by letter, personal notice, and general notice in our branches and head office, together with press advertisements. See our fees and charges leaflet to find out more.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

You are a valued customer

As an existing customer we want to continue doing business with you. Whatever your mortgage needs, our advisers can help.

Keep in touch

Our monthly newsletter is full of interesting information for our customers. As well as the latest news and events from your Society, it includes information about new products, competitions and money-saving tips.

Join us on Facebook

Get updated on our latest competitions and share your news with us.

Exclusive rewards for members

It's better to be a member - We're committed to helping you save money, buy your own homes and plan for a more secure financial future - whatever challenges life throws. That's why we've launched Membership Adds Up, a range of exclusive rewards for members, to help make life a little simpler and a bit more secure for you.