For this product, we charge an Arrangement fee, and – depending on the loan you take – you may have to pay an Exit Fee if you repay the loan before the end of your term. There may also be Legal fees.
We charge a Redemption Administration Fee when you ‘redeem’ (i.e. fully repay) your loan, to cover costs associated with closing your account and removing our charge from your property.
All of these fees can vary, so we’ll ensure that the fees that apply to your particular loan are clearly explained before you sign on the dotted line.
Other fees and charges may be applied to your account during the life of your loan, in relation to the management of your account (for instance, if you fall behind on your monthly payments). These are all explained in our Tariff of Charges.