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.

Application 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 we’ll charge a success only broker fee, normally £497. 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.