Tariff of charges - Freestyle® Buy to Let
Effective as at 12/06/2009
Fees
| Arrangement fee |
|
|---|---|
| Single property |
£690 |
| Multiple properties |
£345 |
| Booking fees for fixed rate mortgages |
|
| Single property Buy to Let Standard Buy to Let High Loan £150k+ |
£300 £1310 |
| Multiple properties Buy to Let Standard Buy to Let High Loan £150k+ |
£150 £655 |
Early Repayment Charges
| Buy to Let mortgages Fixed to 28/09/12 |
Year 1 = 5 months' Year 2 = 5 months' Year 3 = 5 months' interest at the fixed rate on amount redeemed. The charge in year 3 applies until 28/09/12. |
|---|---|
| Redemption Discharge fee |
May apply to some mortgages, if so this will be specified in the offer. |
| Buildings Insurance |
No arrangement fees payable to Bank. Borrower is responsible for payment of premiums under suitable policy. |
| Interest on outstanding loan, expenses and arrears |
As specified in the Offer and Mortgage Conditions. |
Maintenance Charges
| Written mortgage projections |
£50 per written projection |
|---|---|
| Completion of Mortgage Questionnaire |
£80 +VAT |
| Duplicate mortgage statements |
£15 |
| Deeds handling |
£30 |
| Deeds storage |
£20 per year |
| Change to mortgage term |
£30 |
| Change to repayment method |
£30 |
| Change affecting legal title |
£150 |
| Property re-inspection fee |
£55 |
| Certificate of interest |
£25 |
| Credit Re-assessment |
£150 per case |
Release of Funds (including further drawdown)
| by BACS (not available for initial transfer) |
Nil |
|---|---|
| by CHAPS |
£28 |
| Equity drawdown admin fee |
£20 |
Accounts in Arrears
| Monthly admin fee |
£30 |
|---|---|
| Missed payment letters | £30 per item |
| Refer to Drawer advising re-present letter |
£30 |
| Costs, charges and expenses incurred by us in protection, realisation and enforcement of the Legal Mortgage or Standard Security |
A £250 administration fee will be charged should solicitors be instructed to take possession of the property (in addition to solicitor's own fees which will also be payable). Other fees on a case by case basis. Details on request. |
| Legal Fees |
Must be met by applicant on selected mortgages. |
Valuation fees
| Valuation fees |
Must be met by applicant on selected mortgages. Standard Life Bank approved valuer must be used. |
|---|---|
| Valuation administration fee |
£90 |
