Definitions for "Arrangement Fees"
A charge for sorting finance products.
Lenders are known to charge arrangement fees or fees for setting up your mortgage to cover any work involved in arranging your mortgage. These fees are usually added to your mortgage.
May also be called application, lenders' or completion fees. Arrangement fees come in two forms. Some lenders treat them as a success fee payable when the mortgage goes through. Beware of lenders who treat them as a booking fee that prospective borrowers pay to secure a mortgage. If the deal collapses, this fee is forfeited even though the failure lies outside the borrower's control.