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There are four main associated costs for your mortgage when buying a property.
These can vary from £0 to £1,000 but they usually sit somewhere in the middle. When choosing a Mortgage Broker it is useful to visit a review site to check out their past client reviews. An efficient, trusted broker, who works hard for you will be a good investment.
These can also vary from £0 to around £1,000. Lenders may charge a fee for:
The final fee is the Solicitors fee for their work. This is also known as the ‘legal conveyancing cost’.
Your broker will be able to suggest two or three good local solicitors for you to choose from. Although Solicitors fees can vary considerably, around £1,000 is a good ball point figure for what to expect to pay for the conveyancing work.
That is a lot of fees! They certainly all add up, so it makes sense to discuss them with your Mortgage Broker at an early stage so that you can adjust your budget accordingly.
Your broker will factor the associated costs into their research when recommending the most suitable deal for you.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. We charge a fee for mortgage advice. Your adviser will talk you through this, and the setting up costs, before you make any decision to proceed.
The Mortgage Girl is a trading style of Ocean Mortgages Ltd who are authorised and regulated by the Financial Conduct Authority and are entered on the Financial Services Register (https://register.fca.org.uk/) under reference 841683.
A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at financial-ombudsman.
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