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Mortgage Fees and Costs

A Guide to Mortgage Fees and Costs in Scotland

There are a number of fees and charges you might need to pay if you’re taking out a mortgage in Scotland.

These include mortgage broker fees, adviser fees, valuation fees, arrangement fees and more. Use our handy mortgage costs guide to find out how they all work and how much you might have to pay.

Alternatively, arrange a free mortgage appointment with one of our independent mortgage experts.

Fees and Charges

Wondering how much mortgage fees will cost you? It can depend on a number of factors, like your personal situation, or the mortgage product you’re applying for.

The guide below will give you an idea of what to expect. You may also use our mortgage calculator to work out your monthly mortgage repayments based on your house price, initial deposit, interest rate and the repayment period.

Lenders can use different terms to describe their fees, so make sure you know what each cost includes and when you’ll need to pay.

Mortgage Costs

Since March 2016, mortgage lenders have to include any mortgage-related fees, such as redemption charges and valuation fees, as part of the annual interest calculation. This way of calculating the interest is called the Annual Percentage Rate of Charge or APRC.

All mortgage product-related costs should be outlined in the Key Facts Illustration, which the lender is required to provide you with.

Other Mortgage-Related Charges

Mortgage-related charges can add thousands of pounds to your costs.

These include:

  • Moving costs;
  • Legal and survey fees; and
  • Land & Buildings Transaction Tax on residential property purchases above £145,000.

First-time buyers will pay no Stamp Duty on properties costing up to £175,000.

If you’re purchasing an additional home, for example, a buy-to-let property for more than £40,000, you’ll have to pay an extra 4% on top of each Land & Transaction Buildings Tax band.

Picking the Right Mortgage Deal

Buying a property is a big investment and it is a good idea to get some advice.

Some mortgage deals might seem attractive, but fees can quickly add up.

When comparing mortgage offers, add up all the charges over the length of the deal as well as your monthly repayments.

For example, if your repayments are £1,000 per month on a two-year fixed-rate mortgage, plus £300 in fees, the total cost of the deal is £24,300.


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To qualify all you need to do is arrange for Pacitti Jones to come out and value your property and you subsequently list your property for sale with Pacitti Jones. Simply scan the QR code on the voucher that Pacitti Jones send to you to register and validate your voucher and BoConcept will take care of the rest.

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