We want our fees and charges to be easy to understand. That’s why we follow the mortgage industry’s best practice guidelines, developed with UK Finance and Which? Our tariff of charges uses the same format as other lenders, so you can easily compare mortgages. If you see fees listed by other firms that aren’t in our tariff, it’s because we don’t charge them, keeping things simple and transparent for you. Some other fees may apply if you’re unable to pay your mortgage, but we’ll let you know if this is the case.
When your client will pay this charge
These are the fees and charges you may have to pay before we transfer your mortgage funds.
Name of charge
What this charge is for
How much is the charge?
Funds transfer fee
Electronically transferring the mortgage funds to you or your solicitor.
£35
Legal fee
You’ll usually need a solicitor to help with your home purchase or remortgage. You’ll pay their legal fees and costs directly, unless your mortgage deal includes a contribution from us. If we’re covering some of the costs, we’ll let you know.
Variable, these fees are charged by the solicitor directly to you.
Product fee
A product fee is sometimes charged on certain mortgages. You can pay it upfront or add it to your mortgage. If you add it, you’ll pay interest on it at the same rate as your mortgage. The fee can be a fixed amount or a percentage of your loan.
Varies by product. Details are available on request, or you can refer to your mortgage offer.
Valuation fee
A valuation fee covers the cost of the lender’s valuation, which we use to decide how much we can lend you. This is for our purposes, not a detailed survey for you. If you want your own valuation or survey, you’ll need to arrange and pay for that separately. There are other homebuyer or structural survey options available at a cost, and approaches may vary across the UK. Some mortgages include a free lender valuation, your product details will let you know if this is the case.
Electronically transferring the mortgage funds to you or your solicitor.
How much is the charge?
£35
Name of charge
Legal fee
What this charge is for
You’ll usually need a solicitor to help with your home purchase or remortgage. You’ll pay their legal fees and costs directly, unless your mortgage deal includes a contribution from us. If we’re covering some of the costs, we’ll let you know.
How much is the charge?
Variable, these fees are charged by the solicitor directly to you.
Name of charge
Product fee
What this charge is for
A product fee is sometimes charged on certain mortgages. You can pay it upfront or add it to your mortgage. If you add it, you’ll pay interest on it at the same rate as your mortgage. The fee can be a fixed amount or a percentage of your loan.
How much is the charge?
Varies by product. Details are available on request, or you can refer to your mortgage offer.
Name of charge
Valuation fee
What this charge is for
A valuation fee covers the cost of the lender’s valuation, which we use to decide how much we can lend you. This is for our purposes, not a detailed survey for you. If you want your own valuation or survey, you’ll need to arrange and pay for that separately. There are other homebuyer or structural survey options available at a cost, and approaches may vary across the UK. Some mortgages include a free lender valuation, your product details will let you know if this is the case.
If you change to a new mortgage product, ‘before your first monthly payment’ fees may also apply.
Name of charge
What this charge is for
How much is the charge?
Early Repayment Charge (changing your mortgage)
You may have to pay this, for example, if:
You overpay more than your mortgage terms allow;
You change your mortgage product during a special rate period (e.g. while you’re on a fixed or tracker interest rate).
If you reduce your borrowing when moving from one property to another.
Varies. Refer to offer or contact us.
Partial release of property fee
This fee applies if you want to remove part of your property or land from the mortgage. It covers the admin work needed, including updating legal documents and providing consent letters.
£65
Change of parties administration fee
This fee covers the admin costs of adding or removing someone from the mortgage. At Leeds Building Society, this is called a ‘transfer of equity’ or ‘change of borrower.’
£65
Consent to let fee
If you want to rent out your home but don’t have a buy-to-let mortgage, you’ll need our permission. This fee applies for each ‘consent to let’ agreement, which allows you to let your property for a set period under your current mortgage. Interest rate loading may be applicable.
£85
Name of charge
Early Repayment Charge (changing your mortgage)
What this charge is for
You may have to pay this, for example, if:
You overpay more than your mortgage terms allow;
You change your mortgage product during a special rate period (e.g. while you’re on a fixed or tracker interest rate).
If you reduce your borrowing when moving from one property to another.
How much is the charge?
Varies. Refer to offer or contact us.
Name of charge
Partial release of property fee
What this charge is for
This fee applies if you want to remove part of your property or land from the mortgage. It covers the admin work needed, including updating legal documents and providing consent letters.
How much is the charge?
£65
Name of charge
Change of parties administration fee
What this charge is for
This fee covers the admin costs of adding or removing someone from the mortgage. At Leeds Building Society, this is called a ‘transfer of equity’ or ‘change of borrower.’
How much is the charge?
£65
Name of charge
Consent to let fee
What this charge is for
If you want to rent out your home but don’t have a buy-to-let mortgage, you’ll need our permission. This fee applies for each ‘consent to let’ agreement, which allows you to let your property for a set period under your current mortgage. Interest rate loading may be applicable.
How much is the charge?
£85
Other costs and expenses may apply. These charges are usually added to your mortgage account and will incur interest, just like the rest of your mortgage debt.
This could happen if we need to instruct third parties (such as solicitors or surveyors) to take action under the Mortgage Conditions to protect our interests or enforce the mortgage loan, including seeking possession and sale of the property.
If you’re struggling with your mortgage payments please speak to us.
Name of charge
What this charge is for
How much is the charge?
Early repayment charge (ending your mortgage)
You may be charged this if you repay your mortgage in full before your special rate period (e.g. while you’re on a fixed interest rate) ends.
Varies. Refer to offer or contact us.
Mortgage exit fee
You may have to pay this if:
You pay off your loan before the end of its pre-agreed term;
You transfer the loan to another lender; or
You move your borrowing from one property to another.
If we hold your title deeds, this fee also covers the cost of sending them to you or your solicitor. Your solicitor or conveyancer may charge a separate fee for their work in redeeming the mortgage and removing the security. You won’t pay this fee if your mortgage ends at the end of its agreed term.
Varies. Please refer to your offer document or ask us for details. You do not have to pay this charge if the mortgage ends at the end of its pre-agreed term.
Name of charge
Early repayment charge (ending your mortgage)
What this charge is for
You may be charged this if you repay your mortgage in full before your special rate period (e.g. while you’re on a fixed interest rate) ends.
How much is the charge?
Varies. Refer to offer or contact us.
Name of charge
Mortgage exit fee
What this charge is for
You may have to pay this if:
You pay off your loan before the end of its pre-agreed term;
You transfer the loan to another lender; or
You move your borrowing from one property to another.
If we hold your title deeds, this fee also covers the cost of sending them to you or your solicitor. Your solicitor or conveyancer may charge a separate fee for their work in redeeming the mortgage and removing the security. You won’t pay this fee if your mortgage ends at the end of its agreed term.
How much is the charge?
Varies. Please refer to your offer document or ask us for details. You do not have to pay this charge if the mortgage ends at the end of its pre-agreed term.
This table shows the charge you could pay for redeeming some or all of your mortgage within the initial product term. The charge is a percentage of the amount being redeemed as detailed in this table. For example, a charge of 2.5% for redeeming a mortgage of £100,000 would be an early repayment of £2,500.
