Arrangement Fee Explained
There are various fees involved with getting a mortgage. If this is the first time you have got a mortgage, then this might be a bit of an eye opener!
One of the charges that the majority of mortgage lenders put in place is called the arrangement fee.
As the name suggests, this is the fee that they charge in order to arrange the mortgage - in other words it is their administration costs for setting up the mortgage for you.
Rates vary from company to company and also based on the product; sometimes there are offers in place where certain fees are reduced or waived, which could include the
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We hope you find this mortgage glossary / explanation of mortgage terms useful. You might also be interested in our articles on a range of property related issues, a selection of which are listed below:- Offset Mortgage
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- New build property mortgages
- First Time Buyers
- Green Mortgages
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- Capped Rate Mortgages
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- Getting a better deal without remortgaging
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