Our Fees

Standard residential mortgages

Discount Mortgages charges an administration fee of £399 which is payable on application of the introduced mortgage. This is however waived for certain clients and if so will be confirmed in writing. if paid this fee is non-refundable. In addition we receive commission from the lender.

You may also be charged a fee of 1%, on a mortgage of £100,000 or less. The fee payable on a £100,000 loan application would be £1,000.

You will receive a key facts illustration when considering a particular mortgage, which will tell you about any fees relating to it. On most cases this fee is reduced to 50% or waived in full dependent on the complexity of your case. Any reduction in fees will be confirmed prior to application.

Buy-to-let mortgages

An administration fee of £399 is payable on application, this is however waived for certain clients and if so will be confirmed in writing. . This fee is non-refundable. This fee can be added to the mortgage loan subject to lender agreement. In addition we receive commission from the lender.

You may also be charged a fee of 1%, on a mortgage of £100,000 the fee payable on application would be £1,000.

You will receive a key facts illustration when considering a particular mortgage, which will tell you about any fees relating to it. On most cases this fee is reduced to 50% or waived in full dependent on the complexity of your case. Any reduction in fees will be confirmed prior to application.

For further information please call us.

Commercial Mortgages

A fee of £495 is payable on application.

You may also be charged a broker fee of 1%, on a mortgage of £100,000 the fee payable on application would be £1,000. This will also be payable on receipt of your mortgage offer.

You will receive a key facts illustration when considering a particular mortgage, which will tell you about any fees relating to it.

International & Expat Mortgages

An admin fee of £399 is payable once case agreed by lender and 1% of the loan broker fee is payable once case offered by the lender. On larger loans this maybe reduced to 0.5% or waived. You will be advised on application on the exact amount payable.

The UK tax office charge stamp duty at 1% between £125,000 &£250,000 purchase price. Over £250,000 and up to £500,000 the stamp duty payable is 3%. legal fees are approx £1,000. Lenders valuations range from £200 to £800 depending on the value of property being purchased or remortgaged.

Insurance & Protection

You do not pay Discount Mortgages a fee for Life Assurance, Critical Illness, Income Protection, Accident Sickness & Unemployment, Home Insurance, and Private Medical Insurance. Discount Mortgages will be paid by commission from the Insurance company.

You will receive a key facts illustration when considering a particular insurance policy, which will tell you about any fees relating to it.

For further information please call us.