Application fee and RICS survey fee scales
The table below shows our normal application fees, all of which 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.
Please do not send a cheque. Any application fee charged will be added to the loan when the mortgage completes. 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 (shown in brackets) | Typical Homebuyer application fee including: a basic mortgage valuation,
a Homebuyer survey* and non-refundable administration fee (shown in brackets) |
|---|
| £100,000 | £185.00 (inc £65 admin fee) | £392.00 (inc £65 admin fee) |
| £150,000 | £210.00 (inc £70 admin fee) | £457.00 (inc £70 admin fee) |
| £200,000 | £235.00 (inc £70 admin fee) | £496.23 (inc £70 admin fee) |
| £250,000 | £285.00 (inc £70 admin fee) | £581.49 (inc £70 admin fee) |
| £300,000 | £310.00 (inc £75 admin fee) | £641.74 (inc £75 admin fee) |
| £400,000 | £360.00 (inc £75 admin fee) | £726.99 (inc £75 admin fee) |
| £500,000 | £460.00 (inc £80 admin fee) | £862.23 (inc £80 admin fee) |
| £550,000 | £490.00 (inc £80 admin fee) | £927.49 (inc £80 admin fee) |
| £600,000 | £525.00 (inc £80 admin fee) | £997.73 (inc £80 admin fee) |
| £650,000 | £560.00 (inc £80 admin fee) | £1,067.98 (inc £80 admin fee) |
| £700,000 | £595.00 (inc £80 admin fee) | £1,138.23 (inc £80 admin fee) |
| £750,000 | £630.00 (inc £80 admin fee) | £1,208.48 (inc £80 admin fee) |
| £800,000 | £660.00 (inc £80 admin fee) | £1,273.73 (inc £80 admin fee) |
| £850,000 | £695.00 (inc £80 admin fee) | £1,343.98 (inc £80 admin fee) |
| £900,000 | £730.00 (inc £80 admin fee) | £1,414.23 (inc £80 admin fee) |
| £950,000 | £760.00 (inc £80 admin fee) | £1,479.48 (inc £80 admin fee) |
| £1,000,000 | £795.00 (inc £80 admin fee) | £1,549.73 (inc £80 admin fee) |
| £1,050,000 | £830.00 (inc £80 admin fee) | £1,619.98 (inc £80 admin fee) |
| £1,100,000 | £860.00 (inc £80 admin fee) | £1,685.23 (inc £80 admin fee) |
| £1,150,000 | £895.00 (inc £80 admin fee) | £1,755.48 (inc £80 admin fee) |
| £1,200,000 | £940.00 (inc £80 admin fee) | £1,835.73 (inc £80 admin fee) |
| £1,300,000 | £970.00 (inc £80 admin fee) | £1,900.98 (inc £80 admin fee) |
| £1,400,000 | £1,000.00 (inc £80 admin fee) | £1,966.23 (inc £80 admin fee) |
| £1,500,000 | £1,030.00 (inc £80 admin fee) | £2,031.48 (inc £80 admin fee) |
| £1,600,000 | £1,060.00 (inc £80 admin fee) | £2,096.48 (inc £80 admin fee) |
| £1,700,000 | £1,090.00 (inc £80 admin fee) | £2,161.98 (inc £80 admin fee) |
| £1,800,000 | £1,120.00 (inc £80 admin fee) | £2,227.23 (inc £80 admin fee) |
| £1,900,000 | £1,150.00 (inc £80 admin fee) | £2,292.48 (inc £80 admin fee) |
| £2,000,000 | £1,180.00 (inc £80 admin fee) | £2,357.73 (inc £80 admin fee) |
| £2,100,000 | £1,210.00 (inc £80 admin fee) | £2,422.98 (inc £80 admin fee) |
| £2,200,000 | £1,240.00 (inc £80 admin fee) | £2,488.23 (inc £80 admin fee) |
| £2,300,000 | £1,270.00 (inc £80 admin fee) | £2,553.48 (inc £80 admin fee) |
| £2,400,000 | £1,300.00 (inc £80 admin fee) | £2,618.73 (inc £80 admin fee) |
| £2,500,000 | £1,330.00 (inc £80 admin fee) | £2,683.98 (inc £80 admin fee) |
| £2,600,000 | £1,360.00 (inc £80 admin fee) | £2,749.23 (inc £80 admin fee) |
| £2,700,000 | £1,390.00 (inc £80 admin fee) | £2,814.48 (inc £80 admin fee) |
| £2,800,000 | £1,410.00 (inc £80 admin fee) | £2,869.73 (inc £80 admin fee) |
| £2,900,000 | £1,440.00 (inc £80 admin fee) | £2,934.98 (inc £80 admin fee) |
| £3,000,000 | £1,470.00 (inc £80 admin fee) | £3,000.23 (inc £80 admin fee) |
* includes VAT (where payable at the rate of 17.5%).
Re-inspection - our valuers may need to visit the property again and there is a fee of £55 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 Fee
Booking fees must be paid upfront by 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 Choices on the homepage.
Post offer switching fee
If you ask to make any changes to the mortgage account after the offer has been made but before you have completed your mortgage, we charge £35 to cover our costs in providing you with a new mortgage offer.
Electronic funds transfer fee
We charge £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
If you want to rent out your property, we will charge a fee of £100 to consider your application. 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
If we release your life assurance policy to you, we will charge a fee of £50 to cover our costs in dealing with your request.
Changing your type of mortgage
If you want to change your type of mortgage, for example, from interest-only to repayment (of capital and interest), we charge a fee of £50.
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
We charge £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
We charge £75 for giving a reference about your mortgage account to another lender.
Sale of part of the security
If you want to sell part of your mortgage security (usually this is part of the land), we need to check that there will still be enough security to cover the mortgage after the sale. We charge a fee of £100 to cover our costs in considering your application.
Transfer of title
If you ask us to change the names your mortgage is held in, for example, if you want to include your partner's name, we charge £145. This covers our administration costs for considering your application and approving the transfer arrangements. 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
We will charge a fee of £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
We will charge you £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
Per statement £20.
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
If a Direct Debit for your mortgage payments is returned unpaid by your bank, we will charge you £15. We may re-present a Direct Debit, which will incur a further charge if unpaid again.
Unpaid cheques
If you pay a cheque into your mortgage account and the bank returns it unpaid, we will charge you £15.
Home improvement loan application fee
If you want to borrow more money secured against your home to pay for home improvements, you will need to pay a fee of £165 to cover our administration costs in considering your application.
Personal secured loan application fee
If you want to borrow more money secured against your home for personal reasons, for example, to buy a car or pay for a holiday, you will need to pay a fee of £165 to cover our administration costs in considering your application.
Contacting you if you fall behind with your mortgage payments
We charge a £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
We charge 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
We charge £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
We will charge £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.
