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Progressive Building Society

FEES AND CHARGES

MORTGAGE CHARGES
Deeds Production£85.00
Sealing£85.00
Redemption Quotation£25.00
Housing Grant Letter£35.00
Questionnaire£75.00
Transfer Administration£100.00
Mortgage Statement (including interest calculations)£10.00
Bounced DD/Cheque£12.00
Fixed Rate Booking FeeBy Arrangement
Owners Insurance£25.00
Repayment Type Change ( requested by borrower )£75.00
Re-inspection£75.00
Updated Valuation£75.00
Product Switch FeeBy Product Selected ( refer to branch )
CHAPS Transfer Fee£25.00
Further Advance£100.00
Deeds Title Review£50.00
Arrears Letter£12.00
Capitalisation of Arrears£50.00
Stage Payment Fee£100.00
Litigation Fee
(Legal and sale costs may also be incurred)		£150.00
SAVINGS CHARGES 
Bounced Cheque
(Cheque lodged to savings account but dishonoured by saver's bank) £12.00		 
CHAPS Transfer (electronic transfer of funds) £25.00 

Higher Lending Charge

The Higher Lending Charge is applicable whenever the mortgage advance exceeds the Society's normal lending limit of 75% of the purchase price or valuation whichever is the lower. The charge is calculated as a percentage of the amount in excess of 75% of purchase price or valuation. The Society may pay the charge on the customers behalf depending on the mortgage product selected.

 

Mortgage Advance (% Loan to Value)Charge
75 – 80%£4.5%
80.01 – 85%£5.5%
85.01 – 90%£6.5%
90.01 – 95%£8.5%

MORTGAGE APPLICATION FEES

Mortgage application fees differ from product to product and will be advised on request by reference to the Society's current lending package.

VALUATION FEES

A fee is payable to a valuer for the preparation of a standard valuation report. The amount of the fee may be more than the minimum depending on the Purchase Price/Valuation and will be advised on request.

Effective from 01/01/2013

Help Section

For further information call us at:

02890 244926

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