Service Charges

Effective: 1 January 2010

Investment Accounts
Duplicate Investment Statement - Where an investor requests a copy of a previously issued statement, an administration charge is made £5
Duplicate Tax Deduction Certificate - Where an investor requests a copy of a previously issued certificate, an administration charge is made £5
UK CHAPS Payment - Where funds are transmitted by electronic transfer £20
Unpaid cheque - If a cheque credited to an account is later returned to the Society unpaid, a charge is made £7


Mortgage Accounts
Administration fee (Commercial) - An administration fee will be charged Variable
Administration fee (Residential) - A non-refundable fee is charged to cover administration costs £25
Administration fee - If an account is 3 months or more in arrears a monthly charge will be incurred £25
Building insurance - Re-arrangement fee £25
Confirmation of Interest Charge (including MIRAS 5 Forms) £5
Deeds handling fee £40
Discharge fee - To release the Society's charge over a property when a mortgage is fully repaid £90
Duplicate mortgage statement - Where a borrower requests a copy of a previously issued statement, an administration charge is made £5
Duplicate redemption statement fee - The Society will provide two redemption statements free of charge per calendar year. A charge will be made for all subsequent statement requests within the calendar year £35
Ground Rent/Management Fee - Where the Society charges unpaid ground rents/management fees, to the mortgage account a charge is made £50
Lettings request fee £100
Questionnaire fee - Second mortgages

£76.60

Consent fee - Second Mortgages £20.42
Higher Lending Charge - If the terms of the Higher Lending Charge need to be changed, a charge is made. This is the amount charged to the Society by the provider of the Higher Lending Charge £50
Referring Account to Solicitors - To collect arrears or seek possession £50
Sealing fee
• No change of records
• Change of records

£50
£60
Transfer of mortgage
• Repayment to Endowment, Interest only etc
• Endowment, Interest only to Repayment etc

£60
£60
Transfer subject to mortgage - From joint names to single name £150
Unpaid cheque - If a cheque credited to an account is later returned to the Society unpaid, a charge is made £7
Unpaid direct debit - If a request for a repayment by direct debit is rejected for whatever reason by your Bank, a charge is made £7
UK CHAPS Payment - Where funds are transmitted by electronic transfer £20
Further advance (Completion fee) - A fee will be charged on completion of the further advance £100
Property administration fee - When a property is repossessed a charge is made to go towards the administrative costs incurred by the Society £200
Redeeming the Account - There may also be additional interest to be paid upon redemption. Where this applies, it will be stated in your Offer of Loan and the amount payable will be stated in the redemption statement. In addition a Discharge fee will also be payable


Valuation Fees
For further information please refer to leaflet Mortgage Valuation - Fees and Conditions


General
Photocopying (deeds and documents) A quotation will be given on request


These charges are correct at time of printing and may change in the future









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