Taking out a mortgage comes with an array of additional expenses. Here are a few you can expect to pay: Arrangement fee – this is the standard fee you’ll have the pay lender to set up the mortgage
Booking fee – this ‘books’ your loan while you wait for your application to be processed and accepted
Valuation fee – this covers for checks to the property to ensure that it’s worth the sum of money you’re hoping to borrowConveyancing fees – this fee covers the legal costs associated with purchasing your new houseBroker fee – if you seek help from a mortgage advisor, some will ask for a payment for their service. The broker or advice fee is what you’d generally pay for mortgage advice