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Price list

1. Loan assessment and set up

What we'll charge for          What the charge covers How much we'll charge
Arrangement fee If an intermediary submits your application, we pay them an arrangement fee when your loan completes. This fee is calculated as a percentage of your loan amount. You can choose to pay this in advance or have us deduct it from the money we send you. 0.75% 
Legal work There’s always some legal work involved in processing your loan and because it varies from case to case, we’re not able to offer set prices. We’ll obtain quotes and you can then choose who you want us to use. We add no additional charge on to the quotes we get for you. £variable
Commercial valuation For standard valuations (up to £1m), the cost of the valuation is based on a tiered price structure. See Table 1 below.
£tiered
Commercial valuation
Non-standard property valuations and valuations over £1m vary too much for us to offer set prices, so we’ll obtain quotes on your behalf and you can then choose who you want to use. We add no additional charge on to the quotes we get for you. £variable

Commercial valuation: London, for postcodes:

UB, HA, NW, W, KT, TW, SM, SW, WC, EC, N, CR, E, IG, SE, BR, RM, DA, EN, WD

For standard valuations (up to £1m), the cost of the valuation is based on a tiered price structure. See Table 2 below.   £tiered

Commercial valuation: London, for postcodes:

UB, HA, NW, W, KT, TW, SM, SW, WC, EC, N, CR, E, IG, SE, BR, RM, DA, EN, WD

Non-standard property valuations and valuations over £1m vary too much for us to offer set prices, so we'll obtain quotes on your behalf and you can then choose who you want to use. We add no additional charge on to the quotes we get for you.  £variable 
Buy to let valuation The cost of valuation for Buy to Let customers varies from case to case.

For standard property (up to £900k), the cost of the valuation is based on a tiered price structure. See Table 3 below.
£tiered
Buy to let valuation
Non-standard property valuations and valuations over £500k vary too much for us to offer set prices, so we’ll obtain quotes on your behalf and you choose who you want to use. We add no additional charge on to the quotes we get for you. £variable
Cancelled Valuations Where any valuation is cancelled, a cancellation fee may apply. 

cancellation pre-inspection: £180 inclusive of VAT

cancellation post-inspection: 50% of the agreed valuation fee

Property re-inspection Covers the cost of property re-inspection in Buy to Let cases where the projected valuation of the property must be validated before drawdown. 

£210 for property valuations

£250 for business valuations

Table 1

  Valuations
  Bricks & Mortar  Business
Transcripts  By quotation
up to £250,000 £1,050 £1,530
£250,001 - £500,000 £1,170 £1,890
£500,001 - £750,000 £1,410 £2,130
£750,001 - £1m £1,890 £2,370
£1m+ By quotation
 
 
 
 
 
 
 
 

Table 2

  Valuations 
  Bricks & Mortar Business
Transcripts By quotation
up to £250,000 £1,194 £1,750
£250,001 - £500,000  £1,333 £2,168
£500,001 - £750,000  £1,612  £2,446
£750,001 - £1m  £2,168 £2,725 
£1m+ By quotation 

Table 3

Property value Total Fee (inc VAT)
Up to £100,000 £288
Up to £200,000 £324
Up to £300,000 £354
Up to £400,000 £390
Up to £500,000 £450
Over £500,000 By quotation

 

2. Managing your loan

What we'll charge for What the charge covers How much we'll charge
CHAPS Covers the cost of sending funds electronically to you and/or your solicitor, via the Clearing House Automated Payment System.
£10
Returned or unpaid Direct Debit Covers the time and cost for us to deal with each returned or unpaid Direct Debit.
£8
Consent to Lease
Covers the time and cost for us to assess a request to lease your property. There will also be legal work needed to set up and approve a new lease.
£160 + legal costs (at cost)
Other legal work (e.g. Deed of Permission or Deed of Variation) If we need any additional legal work to be carried out once your loan is set up, this covers the time and cost for us to assess the situation and a cost for the additional legal work. £160 + legal costs (at cost)
Audit letter Covers our time and costs to provide a letter to your accountant for audit purposes. £39 (inclusive of VAT)
Lender questionnaire Covers the time it takes for us to prepare and complete detailed answers for another lender, where you’ve applied for borrowing from them.
£77 (inclusive of VAT)
Release of security Covers the time and cost to release our security over your assets. We’ll charge this each time you ask us to release our security over one or more assets.

In limited circumstances, we may need to instruct a solicitor and you would be responsible for these costs.
£58 (inclusive of VAT)
We don’t charge you for the following: duplicate statements; provision of a lender’s reference; Data Subject Access Request; early redemption.

3. Financial difficulties

What we'll charge for What the charge covers How much we'll charge
Missed payment
If you miss a loan payment we’ll need to look into the reasons why, so we charge you for the time it takes us to do this. This is in addition to any costs for returned or unpaid items.
 £16
Returned or unpaid cheque
Covers our time and costs to deal with a cheque that we can't process.
 £8
Arrears management
If you go into arrears, we may need to do further work to help you resolve the issues. We’ll charge for the time it takes us to do this (we’ll never ‘round up’ our time to the nearest hour). £32 per month
Payment of service charge / ground rent If you’re unable to pay your ground rent or service charge, we may pay it to protect our assets. This charge covers the time it takes us to do this. We’ll add any ground rent or service charges that we have to pay to your outstanding balance. £32
Agent home visit If you find yourself in financial difficulties, we may instruct a 3rd party agent to assess your circumstances and look at the best repayment option. The cost of this service depends on the 3rd party; we don’t add any additional charge. £variable
Appointing a receiver If we need to appoint a Receiver under the Law of Property Act, we’ll pay their costs and then pass them onto you. Costs will vary depending on the property type and your circumstances. £variable
Issuing a summons
Covers the costs for issuing formal legal documents and requesting legal action to proceed, if we have to go to court. This will be added to the outstanding amount that you owe. £variable
Legal work following repossession
Covers the legal costs for repossessing and selling your assets. This will be added to the outstanding amount that you owe. £variable
Repossession Covers the cost for an Asset Manager to take possession of your assets. This will be added to the outstanding amount that you owe. £variable
Repossession insurance Covers the cost of insuring any repossessed assets. This will be added to the outstanding amount that you owe. £variable
Asset management Covers the costs of an Asset Manager to carry out work on our behalf, for example valuing and managing the sale of an asset. This will be added to the outstanding amount that you owe. £variable
Asset sale The costs of selling an asset following repossession will be added to the outstanding amount that you owe. £variable



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