Charges & Fees
Effective from 1st January 2008
Mortgage Accounts
Higher Lending Charge Applicable to New Applications and Homeowner Loans
| % Loan to value of the mortgage loan | Fee per 100 of the loan over the 75% level |
|---|---|
| From 85 up to 89.99 | £7.00 |
| From 90 up to 95 | £8.75 |
Homeowner Loans pay a higher lending charge when total borrowing is taken to 85% or more of property's value.
e.g. Valuation: £40,000. Mortgage advance: £35,000 = 87.5%, 75% level = £30,000. The loan fee would be 7% of £5,000 (£35,000-£30,000) = £350.
Mortgage Administration Fees:
| Further Advance Administration Fee | £100.00 |
| Unpaid Direct Debit | £25.00 |
| Recalled Standing Order Payment | £20.00 |
| Returned Cheque | £25.00 |
| Stopped Cheque | £15.00 |
| C.H.A.P.S. Payment Fee | £25.00 |
| Lender's Reference | £50.00 |
| Second Mortgage Questionnaire | £100.00 |
| Duplicate Mortgage Statements | £25.00 |
| Deed of Variation | £75.00 |
| Deed of Easement | £75.00 |
| Deed of Grant | £75.00 |
| Title Deeds On Loan | £25.00 |
| Title Deeds Safe Custody | £100.00 |
| Title Deeds - Photocopies | £25.00 |
| Redemption Fee | £75.00 |
| Redemption Statement | £25.00 |
| Arrears Correspondence Charges | £20.00 |
| Arrears Administration Fee | £50.00 |
| Possession Administration Fee | £250.00 |
| Rate Switch | £100.00 |
| Term Amendment | £25.00 |
| Transfer of Equity | £100.00 |
| Release of Security | £75.00 |
| Tenancy Agreement Approval | £100.00 |
| Conversion of Loan Repayment Basis | £75.00 |
Solicitor's Fees:
When mortgaging a property the services of a solicitor are required and you will be responsible for meeting all the costs. In order to establish the fees involved you will need to speak to your chosen firm of solicitors.
Investment Accounts
| Stopped Cheque | £15.00 |
| Returned Cheque | £20.00 |
| Unpaid Direct Debit | £20.00 |
| Overseas Transmission of Funds | £40.00 fee or sterling equivalent in Euros |
| C.H.A.P.S. Payment Fee | £25.00 |
General Charges
| Personal Information Request (Data Protection Act) | £5.00 |
General Notes
CHANGES IN FEES: Charges and fees can be changed by the Barnsley in accordance with the terms and conditions of the mortgage and savings account. However, when changes are made, we will print new advisory literature which will be available in all branches.
"Our Commitment To You"
We maintain our commitment to ensuring that our customers are kept fully informed about all our products and services, including their relevant charges and fees. It is our belief that up-to-date information is essential to allow our customers to make valued decisions regarding their financial affairs.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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Your home may be repossessed if you do not keep up repayments on your mortgage.
Written quotations available on request. All loans subject to status. Be sure you can afford the repayments before entering into a credit agreement.
Correspondence address: Permanent
Building, Regent Street, Barnsley S70 2EH.
Tel: 01226 733999. Fax: 01226 287374. www.barnsley-bs.co.uk.
Barnsley Building Society chooses to introduce its customers to Blake Independent Financial Planning Ltd for independent financial advice.
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