Fees

All Buy to Let property transactions will be subject to the following fees:

Arrangement Fee Payable to the Buy to Let mortgage lender for the administration of the case. This can be added to the overall Buy to Let loan or paid upon submission of the application.

Valuation Fee Payable to Mortgages for Business, who in turn pay the surveyor for the actual property valuation which is required by the Buy to Let mortgage lender. Please note that a copy of this valuation is normally only sent to the Buy to Let mortgage lender. The valuation fee must be paid upon submission of the application.

Legal Fees The Buy to Let mortgage lender will use the same solicitor as the customer (the practice must have 2 or more partners). All legal fees are payable by the customer, as and when required by their solicitor.

A small percentage of Buy to Let mortgage lenders will also apply the following fee:

Booking Fee A charge for securing a certain Buy to Let mortgage rate, usually only found on Buy to Let fixed rates. This must be paid upon submission of the application.

Additionally Mortgages for Business will charge a success only broker fee. This charge will be due on successful receipt of a formal Buy to Let mortgage offer from the Buy to Let mortgage lender. To discuss this broker fee in more detail please contact one of our consultants.

Application Fees

We have streamlined the process within the Buy to Let Property sector so that the valuers will all work to the same fee scale. Consequently, this allows us to select the most appropriate and rapid response valuation practice in the areas where your property is based. Please use the table below to determine the correct amount to be submitted with the Buy to Let application and forward a cheque made payable to Mortgages for Business Client Account.

* Please be aware we are unfortunately unable to accept American Express Cards