In keeping with the Society's policy of providing a fast and efficient service, your application will be processed on receipt of the following documents:
All Skipton mortgages are conditional on monthly payments being made in advance on the 1st of each month. All interest rates include a discount of 0.25% to reflect this condition. If the Direct Debit is cancelled for any reason, the rate will increase 0.25%.
The cost of valuing a property is payable on application and includes a non-refundable administration charge of £125. Minimum valuation £60,000. The valuer's report is for mortgage purposes only and does not guarantee that the property is free from defects. You may require a Homebuyers Report or Building Survey if you are purchasing a property. Please ask us for details.
| Property Value | Fee |
|---|---|
| Up to £100,000 | £255 |
| £100,001 - £150,000 | £280 |
| £150,001 - £200,000 | £310 |
| £200,001 - £250,000 | £350 |
| £250,001 - £300,000 | £385 |
| £300,001 - £350,000 | £425 |
| £350,001 - £400,000 | £460 |
| £400,001 - £450,000 | £500 |
| £450,001 - £500,000 | £535 |
| £500,001 - £600,000 | £610 |
| £600,001 - £700,000 | £680 |
| £700,001 - £800,000 | £745 |
| £800,001 - £900,000 | £810 |
| £900,001 - £1,000,000 | £880 |
If the application fails the initial vetting prior to a visit these fees will be refunded.
Once a visit has been carried out and the case is approved these fees are non-refundable.
| Amount | Fee |
|---|---|
| up to £500,000 | Negotiable with minimum fee of 0.75% or £500 whichever is greater. |
| £500,001 and above | Negotiable with a minimum fee of 0.75% plus Society legal fees. |
| Additional borrowing | 0.2% with minimum fee of £400 |
| Amount | Fee |
|---|---|
| up to £100,000 | £969.38 **If applicable |
| £100,001 - £250,000 | £1,410 **If applicable |
| £250,001 - £500,000 | £1,645.00 **If applicable |
| £500,001 - £1,000,000 | £1,997.50 |
| £1,000,000+ | Negotiable. |
| Additional borrowing | £470 (applicable where additional borrowing and the primary loan totals in excess of £500,000) |
Notes**: Applicant's solicitors may be utilised by the Society for loans under £500,000 if the solicitors are already on the Society's conveyancing panel. Fees cover two properties. For each additional property a further £763.75 is required to cover additional legal costs. Fees cover up to 6 occupational leases per property. For each additional lease a fee of £293.75 is required to cover additional legal costs.s
VAT is not payable on these fees.
Following a visit legal fees are not refundable. Legal fees are payable at visit stage, before legal work is undertaken.
Please note that all search and registration fees and other disbursements are payable in addition to the above fees and are usually provided by the applicants solicitors.