Fees & charges
You can see details of all the fees and charges that may apply to you in the Tariff of Mortgage Charges document.
When looking at the fees other firms charge, you may notice some that don’t appear in the tariff, this means you are not charged these fees.
Why do I have a new sub-account or sub-accounts following the transfer?
Your previous lender would have notified you when fees were applied to your mortgage, and the amount of any fees will have shown on the annual statements they sent to you as the ‘Fees balance’.
Although your previous lender didn’t separate fees into different sub-accounts, we’re treating these fees in a very similar manner. They’ll be considered as a separate part of the amount you owe. There’ll be no monthly payments required for these fees, but they will be due to be paid at the end of your mortgage term. You’re no worse off than you were with your previous lender.
If any fees previously charged to your mortgage were non-interest-bearing, we’ve placed the amount of the fees into a new sub-account on which we won’t charge any interest.
You don’t need to repay this sub-account until the end of your mortgage
Because no interest is charged on it, you won’t be financially disadvantaged. It’s in the best interests of most customers to repay any interest-bearing balances before repaying this sub-account.
If any interest-bearing fees were previously charged to your mortgage, we’ve placed the amount of the fees into a new sub-account on which we’ll continue to charge interest. The new sub-account won’t be included in your monthly payment. Although we don’t expect you to repay this sub-account until the end of your mortgage term, you can repay the new sub-account whenever you choose.
You may have more than one new interest-bearing sub-account if you had existing mortgage sub-accounts with your previous lender.
No further fees will be added to the new sub-accounts
In future, if we charge you any fees, they’ll be added to your main mortgage account, and we’ll charge interest on them.
