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Schedule of Fees and Charges

Secured Loans > Our Loans > Homeowner Loans > Schedule of Fees and Charges

We believe in being open and honest about our loans – see below for a full schedule of our fees and charges:

Product Fee

Charged if you have been referred to us by an introducer (including associated companies), we will pay to them a fee for the introduction.

Varies on introducer – see your Mortgage Illustration or Binding Mortgage Offer
Lending Fee
Charged for assessing and processing your loan application.
£714.00
Deed of Postponement
Administration fee charged if we authorise the postponement of our charge in favour of another lender.
£125.00
Late Payment Reminder Letter
Charged on each occasion that you do not make your monthly instalment within 15 calendar days of the regular due date
£10.00
Payment Returned Unpaid
Charged for each cheque, card payment, standing order or direct debit which is returned unpaid by your bank if you do not make your monthly instalment within 15 calendar days of the regular due date
£12.00
Issue of Default Notice
Charged on each occasion that your account enters or re-enters default status.
£35.00
Field Agent Fee
Charged if a home visit is undertaken to establish your financial situation when your account is in arrears, or where other communication methods have not been successful. Please note that additional trace-related charges may be applied (at cost) if you move residence without advising us accordingly.
£60.00
Solicitors Instruction
Charged if solicitors are instructed to commence litigation proceedings.
£125.00
Asset Management (in the event of repossession)
Charged in the event of repossession to cover the administration costs associated with the sale of the secured property. Any other charges incurred as a result of the litigation, including but not exclusively; solicitors costs; estate agency fees, repossession agent fees; clearance costs and locksmith’s costs, will also be applied to your account at cost.
£250.00
Court Costs
Any court costs incurred in enforcing the agreement will be charged at cost, including but not exclusively; county court judgement applications, attachment of earnings.

PLEASE THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Warning: Late payment can cause you serious money problems. For help, go to moneyhelper.org.uk
Representative 28.96% APRC (Variable) - For a typical loan of £20,950 over 85 months with a variable interest rate of 23.00% per annum, your monthly repayments would be £537.44. Including a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00, the total amount repayable is £45,682.15. Annual Interest Rates ranging from 11.7% to 46.5% (variable). Maximum 50.00% APRC. The loan must be paid back by your 70th birthday. Read more.

Think carefully before securing debts against your home your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
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