Free Valuation or Refund of Fees / Legal Costs

Your monthly mortgage payments are not the only costs you will incur when you purchase a property. You will also have to pay for valuation fees, legal costs and arrangement/ lender fees. On top of this there may be stamp duty or even a mortgage indemnity guarantee payment.

As an incentive, some lenders offer to pay for your valuation fees, arrangement fees and legal costs. Sometimes these are refunded, so you have to pay for them in the first place and the lender will forward you the money when your mortgage application has completed. Other times these are actually free, so you do not pay for them at all; the lender takes care of that.

There may be some restrictions, however. Sometimes a lender will insist you use a particular solicitor or surveyor in order to receive a free service, or to obtain a refund. For most people this does not pose a problem, but it is something that you should be aware of.

For more information please click on the consideration you are interested in:

• Flexible Mortgages - Flexible repayment plan mortgages
• Current Account Mortgages - Mortgages linked to current accounts
• Cashback Mortgages - Cashback mortgage deals
• Free valuation or refund of fees/Legal costs - Additional mortgage incentives
• Mortgage Protection - Insurance for mortgages

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