Fees
Short Term Lending Fees
Valuation Scale & Fees
Purchase Price or Estimated
|
Standard Bridging |
Light & Heavy Refurbishment |
| £100,000 | £225 | £250 |
| £150,000 | £250 | £275 |
| £200,000 | £275 | £300 |
| £300,000 | £300 | £325 |
| £400,000 | £350 | £375 |
| £500,000 | £400 | £425 |
| £600,000 | £450 | £475 |
| £700,000 | £500 | £525 |
| £800,000 | £550 | £575 |
| £900,000 | £600 | £625 |
| £1,000,000 | £700 | £725 |
| > £1,000,000 | On application | On application |
Please note:
•Where more than one property is used as security for the loan we require each property to be valued. The charge for each valuation will be as per the table above. Once a valuation has been carried out the valuation and assessment fee is non-refundable.
•All of the above valuation fees are inclusive of VAT.
•In all instances the valuation will be instructed by Precise Mortgages.
Legal Fees
Property Value |
Fee for separate legal representative |
Fee for joint legal representative |
| Up to £100,000 | £399 | £549 |
| £100,001 to £250,000 | £449 | £599 |
| £250,001 to £500,000 | £495 | £645 |
| £500,001 to £1m | £650 | £800 |
| Greater than £1m | £900 | £1,050 |
Please note:
•If the borrower is a Limited Company there will be an additional charge of £100.00, this includes obtaining Personal Guarantees.
•If more than one property is to be used as security there will be an additional charge of £100.00 per property.
•All the above legal fees exclude VAT and disbursements.
•Legal fees are paid directly to Goldsmith Williams for England and Wales and Your Conveyancer in Scotland.
•Joint legal representation is currently only available in England and Wales.
Other Fees |
Fee |
| Telegraphic Transfer Fee | £35 |
| Assessment Fee | £295 |
| Redemption Administration Fee | £120 |
| Facility Fee | (Refer to product) |
Please note:
•Some of these fees may be added to the loan subject to the maximum LTV limits applying to the product selected. In addition, loan specific fees may be added on a case by case basis.
•Valuation and legal fees cannot be added to the loan.
•The Assessment fee is non-refundable.
