Calculate Your Mortgage Fees
Your Mortgage Fee Breakdown
Detailed Fee Breakdown
Understanding Mortgage Fees
Arrangement Fees
- Charged by the lender for setting up your mortgage
- Typically range from £0 to £2,000+
- Can often be added to your mortgage
- Higher fees may come with better rates
Valuation Fees
- Cost for the lender's property valuation
- Basic valuations: £150-£500
- May be free with some mortgage deals
- Separate from your own survey
Legal Fees
- Solicitor or conveyancer fees
- Typically £500-£1,500 plus disbursements
- Includes searches and legal work
- Shop around for competitive quotes
Broker Fees
- Fee for mortgage broker services
- Usually £300-£500 for personal service
- Many brokers are paid by commission
- Can save you more than they cost
Typical Fee Ranges
| Fee Type | Typical Range | When Paid | Can Be Added to Loan? |
|---|---|---|---|
| Arrangement Fee | £0 - £2,000+ | On completion | Usually yes |
| Valuation Fee | £150 - £500 | On application | Sometimes |
| Legal Fees | £500 - £1,500 | On completion | No |
| Survey Fee | £300 - £1,000+ | After valuation | No |
| Broker Fee | £300 - £500 | On completion | Sometimes |
Frequently Asked Questions
What fees should I expect when getting a mortgage?
Common mortgage fees include arrangement fees (£0-£2,000+), valuation fees (£150-£500), legal fees (£500-£1,500), broker fees (£300-£500), and survey costs (£300-£1,000+). The total can range from £1,000 to £5,000 or more.
Can mortgage fees be added to the loan amount?
Some fees can be added to your mortgage, particularly arrangement fees. However, legal fees, survey costs, and some other charges typically need to be paid upfront. Adding fees to your loan increases the total amount borrowed and interest paid over time.
Are there ways to reduce mortgage fees?
Yes, you can shop around for competitive legal and survey quotes, choose mortgages with lower or no arrangement fees, use fee-free brokers, and compare the total cost of different mortgage deals rather than just focusing on interest rates.
When are mortgage fees typically paid?
Arrangement fees are usually paid on completion, valuation fees on application, legal fees on completion, survey fees after the survey is completed, and broker fees typically on completion. Some fees may be required upfront during the application process.