Tariff of Mortgage Charges

We’ve been closely involved in the mortgage industry's initiative with UK Finance and Which? to make our fees and charges easy for you to understand.

Our tariff of charges (shown below) reflects the initiative's good practice principles. This same document is used across the industry to help customers compare mortgages.

You will pay these charges before your first monthly payment.

These are the fees and charges you may have to pay before we transfer your mortgage funds.
Name of charge What this charge is for How much is the charge?

Application fee


Assessing and processing your application (even if your application is unsuccessful or you withdraw it).

£0 (£199 - £250 for porting cases)

This fee is not refundable

Funds transfer fee


Electronically transferring the mortgage funds to you or your solicitor. £8

Legal fee


You will normally instruct a solicitor to act on your behalf in connection with your home purchase transaction.

You may be required to pay their legal fees and costs as part of their work on your behalf. These fees/costs are normally charged by the solicitor, directly to you unless we tell you that we will contribute to the legal costs as part of your product deal.
This may vary. Please refer to your mortgage documents that were issued at offer stage. Please contact your solicitor for fee details.

Product fee


This is charged on some mortgages as part of the deal. It can be paid up-front or added to the total mortgage amount. If you add it to your mortgage, you'll pay interest on it at the same rate as the rest of your borrowing. It might be a flat fee, or a percentage of the loan amount.

This may vary. Please refer to your mortgage illustration.

This fee is only refundable when the application doesn’t complete.

Valuation fee


The lender’s valuation report, which is used to calculate how much it will lend you. This is separate from any valuation or survey of the property you might want to commission.

There are other homebuyers or structural survey options available to you at a cost and there may be different approaches in different parts of the UK.

Some mortgages offer free valuations – the product details for your mortgage will tell you if this is the case.

This is included for properties up to £1,000,000. Please refer to your mortgage documents that were issued at offer stage.

You will pay these charges if you change your mortgage.

If you change to a new mortgage product, the 'before your first monthly payment' fees may also apply at this stage.

Early Repayment Charge (changing your mortgage)


You may have to pay this if:

  • - You overpay more than your mortgage terms allow;
  • - You switch mortgage product or lender during a special rate period (e.g. while you're on a fixed interest rate).
This may vary. Please refer to your mortgage illustration.

Change of parties administration fee

Our administrative costs of adding or removing someone (a 'party') from the mortgage. This will show on your mortgage documents at offer stage as 'administration fee'.

Consent to let fee

If you want to let your property but don't have a Buy to Let mortgage, you'll pay this for each 'consent to let' agreement, where we agree to you letting out your property for a set period within your existing owner-occupier mortgage. 

The interest rate will be increased by 1%* for the period during which the property is let and it will be removed when the property is re-occupied by you or the mortgage is transferred to a Buy to Let mortgage.

* Not applicable for Armed Forces CTL  applications due to work placement.

Additional lending valuation fee This may be charged when applying for additional lending to determine whether the property continues to provide good security for the loan. This may vary. Please refer to your mortgage Illustration.

You will pay these charges if you are unable to pay your mortgage

These are the most common charges you may have to pay if you fail to keep up with your mortgage payments. Some charges, for example those covering unpaid/returned direct debits or cheques, occur at the early stages of your inability to pay (arrears). Other charges, for example, relating to our repossession of the property, may apply later in the process and will be dependent on your circumstances.

Unpaid/returned Direct Debit or cheque

Payable when your nominated bank rejects a Direct Debit collection, or your payment by cheque is returned unpaid by your bank.

If you have a MOREgage product this also applies to the unsecured part of your mortgage.


Arrears fee

You may be charged an arrears fee on a monthly basis, or when specific events happen in the management of your account when you are in arrears. This covers charges in respect of your account if you fall behind with your payments. £20

Arrears arrangement breakdown This fee will be charged if you break an arrears arrangement agreed between you and us. £25
Placing an arrears account with a solicitor This charge covers costs incurred by us when preparing papers prior to court proceedings, and the instruction of a solicitor to act on our behalf.


The costs of our appointed solicitors and enquiry agents will vary and will be charged in addition to this fee. We’ll pay these costs (including court fees and other expenses incurred) and add the amount to your mortgage account.

Warrant fee This fee covers the costs of monitoring a case as a result of instructing our solicitors to enforce a Court Order. £95
Repossessed properties When a repossessed property is sold by us and a net surplus remains after your outstanding mortgage balance has been repaid, a charge will be made to cover our administration costs in relation to the sale. £260
Unpaid ground rent Leasehold properties only. If the agreed ground rent or other required charged under the lease is not paid, we’ll investigate any claim made by the freeholder and may settle the outstanding amount by adding the amount to your mortgage account. A fee is charged to cover the work involved in processing this investigation. £50

You will pay these charges if you are ending your mortgage term

Early Repayment Charge (ending your mortgage)

You may be charged this if you repay your mortgage in full before the mortgage term ends.


This may vary. Please refer to your mortgage illustration.

Mortgage exit

You may have to pay this if:

- Your mortgage term comes to an end;

- You transfer the loan to another lender; or

- Transfer borrowing from one property to another.

This is payable either at the end of the mortgage term, or before the end of your mortgage term if you transfer the loan to another lender or another property (known as 'redemption').

You may be charged a separate fee by your solicitor or licensed or qualified conveyancer for their work relating to redemption of the mortgage and discharge of the security.

This may vary. Please refer to your mortgage illustration.

This fee is refundable if you take your next mortgage with the Society within six months of redeeming the original mortgage account (12 months if your mortgage includes a former Stroud & Swindon Building Society product).

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Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.


Call us on

0800 121 8899

Call us