fees & charges
Solution Mortgages Limited may charge a fee for arranging your mortgage or remortgage. A fee of 3% of the loan may be payable on completion, subject to a minimum of £3,000, up to a maximum of £10,000. An example of this is a mortgage of £150,000 would require a fee of £4,500. In addition we will receive commission from the lender. We will not charge any fees or receive any commission if your mortgage does not complete. You will receive a key facts illustration which will tell you about any fees relating to the mortgage arranged through us.
Don't forget to budget for the other costs that you may incur when buying your home:
- Stamp duty is charged at 1% of the price of properties between £125,001 and £250,000, 3% for those up to £500,000 and 4% for properties over £500,001.
- If your mortgage exceeds a certain percentage of the valuation your lender may charge a Higher Lending Charge to cover the greater risk.
- Your solicitor will also charge a fee for searches and conveyancing.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
Remortgages: Self Cert Mortgages - Buy to Let Mortgages - CCJs/Arrears Mortgages - Bankruptcy - Poor Credit History
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