Charges & Fees

As well as your deposit, for residential mortgages, there will be several other charges, which AAG will help you to budget for.

Solicitor Fees

You will need to appoint a solicitor to act on your behalf and protect your interests during the purchase of the property. AAG have a panel of solicitors, approved by all lenders, who would be happy to assist you.

Stamp Duty

This is a tax imposed by the government on the purchase of any property valued above £175,000. It is calculated on a sliding scale and ranges from 1% to 4% of property value.

Valuation / Survey Fee

Lenders require a standard valuation report. You may prefer to have a more in-depth survey report for your own information and peace of mind.

Land Registry

This is a fee charged by the government for registering the land on which the property sits.

Lenders Arrangement fee for Residential and Buy-to-Let Mortgages

This is charged for booking fixed rate funds or arranging a mortgage. It may be added to the loan or charged up-front. There will be an administration fee in respect of the time AAG takes to negotiate and secure a mortgage loan from a lender.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Alexander Associates Mortgage Brokerage represents St James’s Place plc, which is authorised and regulated by the Financial Services Authority.

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