Mortgage tariffs

Fees and charges

 

Your guide

Our mortgage fees and charges may vary depending on your specific circumstances. Below is a guide to the fees and charges that may apply. 

Click here if you have an existing professional mortgage with us provided before 20 October 2014

These charges are applicable to all new mortgage loans, additional borrowing and/or upon completion of additional security.

Click the links below to find out more:

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

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If you earn a minimum of £300,000 a year, have a net worth in excess of £3m and want an exceptional mortgage service that is designed to suit your individual needs, get in touch.

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Before your first payment

These are the fees and charges you may have to pay before we transfer your mortgage funds.

Please note, some fees and charges are not refundable if you do not proceed with your mortgage.

Name of charge What this charge is for How much is the charge?
Arrangement fee Assessing and processing your application, creating and managing your mortgage account. A minimum of 0.5% of the total loan amount for direct applications and a minimum of 1% of the total loan amount for indirect applications where up to 0.5% will be paid by Investec Bank plc to your mortgage intermediary.
Funds transfer fee Electronically transferring the mortgage funds to you or your solicitor. When the total or any part of the mortgage is drawn by same-day transfer: £20
Legal fees You will normally instruct a solicitor to act on your behalf in connection with your home purchase transaction. You will be required to pay their legal fees and costs as part of their work on your behalf. These fees / costs are normally charged by the solicitor, directly to you. In addition to the above, you will also be charged to cover the Bank's legal fees for investigating title to the property and obtaining security. Your legal fees will charged by the solicitor directly to you. Investec Bank plc uses a panel of legal firms. We will provide an estimate of these fees in the mortgage illustration and tell you when these will be payable.
Valuation fee The lender's valuation report, which is used to calculate how much it will lend you. This is separate from any valuation or survey of the property you might want to commission. Investec Bank plc uses a panel of valuation firms. A number of options with quotations will be provided to you as part of the Investec mortgage process.
Name of charge What this charge is for How much is the charge?
Arrangement fee Assessing and processing your application, creating and managing your mortgage account. A minimum of 0.5% of the total loan amount for direct applications and a minimum of 1% of the total loan amount for indirect applications where up to 0.5% will be paid by Investec Bank plc to your mortgage intermediary.
Funds transfer fee Electronically transferring the mortgage funds to you or your solicitor. When the total or any part of the mortgage is drawn by same-day transfer: £20
Legal fees You will normally instruct a solicitor to act on your behalf in connection with your home purchase transaction. You will be required to pay their legal fees and costs as part of their work on your behalf. These fees / costs are normally charged by the solicitor, directly to you. In addition to the above, you will also be charged to cover the Bank's legal fees for investigating title to the property and obtaining security. Your legal fees will charged by the solicitor directly to you. Investec Bank plc uses a panel of legal firms. We will provide an estimate of these fees in the mortgage illustration and tell you when these will be payable.
Valuation fee The lender's valuation report, which is used to calculate how much it will lend you. This is separate from any valuation or survey of the property you might want to commission. Investec Bank plc uses a panel of valuation firms. A number of options with quotations will be provided to you as part of the Investec mortgage process.

 

If you ask us for extra documentation and / or services beyond the standard management of your account

Name of charge What this charge is for How much is the charge?
Duplicate / interim statement fee Requesting a copy of a previous mortgage statement or an interim statement of your account as it stands. It might be paid by you or another lender £5 per statement / certificate
Request for legal documentation fee Any original documents relating to your mortgage, e.g. title deeds that you ask for. Minimum £15 plus VAT per enquiry
Duplicate request for certificate of interest paid (for each year) fee Requesting a copy of a previously issued certificate of interest paid. £5 per statement / certificate
Name of charge What this charge is for How much is the charge?
Duplicate / interim statement fee Requesting a copy of a previous mortgage statement or an interim statement of your account as it stands. It might be paid by you or another lender £5 per statement / certificate
Request for legal documentation fee Any original documents relating to your mortgage, e.g. title deeds that you ask for. Minimum £15 plus VAT per enquiry
Duplicate request for certificate of interest paid (for each year) fee Requesting a copy of a previously issued certificate of interest paid. £5 per statement / certificate

If you change your mortgage

Please note, if you change to a new mortgage product, the ‘before your first payment’ fees may also apply at this stage.

Name of charge What this charge is for How much is the charge?
Early repayment charge (changing your mortgage) You may have to pay this if: You overpay more than your mortgage terms allow. You switch mortgage product or lender during a special rate period (e.g. while you're on a fixed or tracker interest rate). Details of the amount will be contained in your mortgage offer.
Name of charge What this charge is for How much is the charge?
Early repayment charge (changing your mortgage) You may have to pay this if: You overpay more than your mortgage terms allow. You switch mortgage product or lender during a special rate period (e.g. while you're on a fixed or tracker interest rate). Details of the amount will be contained in your mortgage offer.

 

If you are unable to pay your mortgage

These are the most common charges you may have to pay if you fail to keep up with your mortgage payments. Some charges, for example those covering unpaid / returned direct debits or cheques, occur at the early stages of your inability to pay (arrears). Other charges, for example, relating to our repossession of the property, may apply later in the process and will be dependent on your circumstances.

Name of charge What this charge is for How much is the charge?
Unpaid / returned direct debit or cheque Payable when your nominated bank rejects a direct debit collection or your payment by cheque is returned unpaid by your bank. £7.50 per cheque. £20 (plus £15 for each advice letter) for direct debits and other payments returned unpaid for insufficient funds. £10 for technical reasons.
Name of charge What this charge is for How much is the charge?
Unpaid / returned direct debit or cheque Payable when your nominated bank rejects a direct debit collection or your payment by cheque is returned unpaid by your bank. £7.50 per cheque. £20 (plus £15 for each advice letter) for direct debits and other payments returned unpaid for insufficient funds. £10 for technical reasons.

 

Ending your mortgage term

Name of charge What this charge is for How much is the charge?
Early repayment charge (ending your mortgage) You may be charged this if you repay your mortgage in full before the mortgage term ends. Details of the amount will be contained in your mortgage offer.
Security Release Fee This is charged for work involved in redeeming your mortgage and is payable prior to releasing the security. £160 per security document released.
Name of charge What this charge is for How much is the charge?
Early repayment charge (ending your mortgage) You may be charged this if you repay your mortgage in full before the mortgage term ends. Details of the amount will be contained in your mortgage offer.
Security Release Fee This is charged for work involved in redeeming your mortgage and is payable prior to releasing the security. £160 per security document released.