The charge levied by a CRS on a supplier for handling a reservation.
A fee charged by a mortgage lender often to guarantee a rate or to guarantee funds for a particular product.
righttobuymortgages wrote 3 months ago: Arrangement fees, are charged in connection with some mortgages, often they are charged in connection with a fixed or capped … more » Tags: Mortgage Glossary
Another term to describe a fee which is payable upfront to either source or reserve funds for a mortgage. Usually applicable for fixed or capped rate mortgages.
administrative fee charged by a lender on receiving an application.
A fee charged by lenders to secure mortgage funds, usually special deals such as fixed or capped rates. This fee is usually paid up front, although your lender may allow it to be added to the loan.
A fee paid for the arrangement of a mortgage.
This is a fee charged by the lender for the arrangement of a mortgage and which usually guarantees funds or guarantees a rate for fixed or capped rate mortgages. This is usually paid at the time the mortgage application is submitted.
A fee charged by a lender to secure mortgage funds, payable at the time the loan application is submitted and normally applies only to special offer loans, such as fixed or capped rates. See fee, arrangement fee, fees added to loan, conveyancing fee and valuation fee.
Arrangement fees, are charged in connection with some mortgages, often they are charged in connection with a fixed or capped rate loans. The fee is normally non-refundable if charged upfront, some times it is added to the mortgage debt on completion.
This fee may be charged on specific products and is either payable in advance, added to the loan or deducted from the advance on completion. It is normally payable in order to reserve funds when a product is likely to sell out quickly.
A fee charged on application by a lender to cover administration cost and other costs