Fees and Charges
Everything you need to know about valuation and legal fees, as well as our Tariff of Mortgage Charges.
Tariff of Mortgage Charges
Check out our Tariff of Mortgage Charges and make sure your client is aware of all the charges we’ll make relating to their mortgage. If you can't view this document, please get in touch.
Valuation fees
For all new applications we’ll instruct a Mortgage Valuation Report. This applies to all mortgages, except for further advances (see below for revaluation fees), and we no longer charge administration fees. The valuation will be instructed as soon as the valuation fee is paid (the valuation fee will only be charged if the product doesn't offer a free valuation). Once the valuation has been instructed and all requested documents have been received, the case will go to an underwriter for assessment.
| Purchase Price or Valuation | Standard Mortgage Valuation Report |
| Up to £150,000 | £150 |
| £150,001- £250,000 | £220 |
| £250,001- £350,000 | £270 |
| £350,001- £500,000 | £380 |
| £500,001- £750,000 | £520 |
| £750,001- £1m | £750 |
| £1,000,001 - £1.5m | £850 |
| £1,500,001 - £2m | £1,000 |
| £2,000,001 - £2.5m | £1,200 |
| £2,500,001 - £3m | £1,400 |
| £3,000,001 - £3.5m | £1,600 |
| £3,500,001 - £4m | £1,800 |
The valuation fee is non-refundable once the valuation has been completed. Re-inspections incur a charge of £41.50 per visit.
We may choose to use an Automated Valuation Model (AVM) report in some instances. The report is for our sole use.
We don't offer homebuyers reports.
For more information regarding the re-inspection fee, please see below.
Re-inspections incur a charge of £41.50 per visit.
If your client's mortgage is released in stages and they're using it to renovate their property, this covers the new valuation we need to do after the work’s been carried out.
We may charge this in additional circumstances such as Northern Ireland Self Build cases, or where immediate works are required to the property.
Revaluation fees
When we receive a further advance application, the case will go to the underwriter for assessment. If a valuation is required then a Mortgage Valuation Report will be instructed. The fees below also apply if an initial offer of loan for either a main or further loan application has expired. We no longer charge administration fees.
We'll also instruct a revaluation for product transfer applications in which the HPI figure is challenged, however if the previous valuation was completed ten or more years ago a new physical valuation will need to be completed. Please refer to our valuation fees above when considering this.
The valuation fee is non-refundable once the valuation has been completed.
Please note if the last valuation was completed over 10 years ago a physical valuation is required so we can assess the current condition of the property's security.
| Property Value | Revaluation Fee |
| £0 to £125,000 | £110 |
| £125,001 to £300,000 | £150 |
| £300,001 to £600,000 | £220 |
| £600,001 to £1,000,001 | £300 |
| £1,000,001 to £1,600,000 | £400 |
| £1,600,001 and above | By negotiation |
The valuation fee is non-refundable once the valuation has been completed.
Legal fees
If stated in the Offer of Loan, Bank of Ireland UK will pay the basic legal fees for the work involved in a standard property purchase.
This offer of Fees Assisted Conveyancing does not include:
- Costs a solicitor must pay to a third party such as a local authority or other search fees
- Stamp Duty Land Tax
- Indemnity insurance for defective title
- Registration fees payable to the Land Registry.
The offer also does not include the charge, plus VAT, payable to the solicitor to deal with the settlement of any Stamp Duty Land Tax and the submission of the Stamp Duty Land Tax form or the cost of any associated sale. The solicitor will provide you with full details of this charge and the third party costs. These fees, along with the legal fees for any additional legal work that the solicitor carries out are payable by the applicant.
If the purchase does not complete the applicant will not have to pay for the standard conveyancing work carried out but will have to pay any third party costs already paid by the solicitor.
For property purchases in Scotland:
Please contact us for details of our nominated solicitor when obtaining the Approval in Principle. If the applicant chooses not to use our nominated solicitor they will be liable for the legal costs.
If the applicant chooses a mortgage with ‘standard legal fees paid by lender’, we’ll pay the basic legal costs for dealing with the new mortgage. The legal work must be carried out by a firm of Solicitors assigned by our Solicitor panel management firm, Legal Marketing Services Ltd. The firm will only act on our behalf.
We won’t pay the costs for any extra work outside of a standard remortgage transaction, such as:
- Further valuation reports
- Related legal services
- Transfer of Equity
- Deed of Postponement
- Deed of Grant
- Deed of Variation
- Merger of freehold or leasehold title
- Leasehold supplements
- Change of name
- Telegraphic transfer of surplus funds to borrower
- Local searches for loans over £1,000,000
- If an exceptional amount of work is needed to correct a defective title.
For all remortgage cases there are some administration fees which we won’t pay for:
- A telegraphic transfer fee of £30 + VAT is payable where the legal firm pays off an existing loan or sends any surplus funds to your applicants.
- A fee of £5 + VAT (per customer) is payable upon the completion of Electronic ID checks.
For remortgage cases on leasehold properties there may be an additional legal fee which the applicant must pay for:
- A leasehold supplement fee of £95 + VAT may be applicable where a full leasehold title check is necessary. This fee may apply in the following scenarios for example, the loan amount exceeds £1million, the property is leasehold and the landlord is a Local Authority or Housing Association, the property is leasehold and the loan to value exceeds 85%. Please note this list is not exhaustive.
Standard legal fees are not covered on Help to Buy and shared ownership remortgages where the applicant is buying out third parties.
Additional legal fees
Other fees may be charged for additional work and services required over and above the standard legal work in a fees assisted remortgage case. The legal firm will discuss your applicants’ requirements with them and obtain their consent to proceed before any fees are charged. Some examples of the most common additional fees which can be charged are listed below.
|
Extra work |
Fee, without VAT |
|---|---|
|
Applying a Declaration of Trust |
£195 |
|
Applying a Deed of Guarantee or Deed of Variation |
£150 |
|
Arranging a change of name or address at Land Registry |
£20 |
|
Buying a further interim share in a Shared Ownership Property – including the transfer, excluding disbursements |
£195 |
|
Buying a related freehold title – excluding disbursements |
Up to £500 |
|
Checking and approving an existing solar panel lease |
£90 |
|
Checking and/or varying an estate rent charge |
£195 |
|
Completing and verifying identification checks for expat customers |
£40 |
|
Completing electronic ID checks – each applicant |
£5 |
|
Completing leasehold title checks on a leasehold property – where a full title check is needed |
£95 |
|
Completing tenement checks on a flat or tenement property - Scotland only |
£75 |
|
Complying with a Land Registry Anti-Fraud Restriction |
£75 |
|
Complying with a special condition in the mortgage Offer – each condition |
£45 |
|
Complying with or removing a restriction or caution or inhibition in Scotland - not for tenancy in common |
£150 |
|
Correcting a defective title – hourly rate, excluding disbursements |
£150 |
|
Dealing with independent solicitors - per hour |
£150 |
|
Dealing with independent solicitors - when sending money to buy a property |
£40 |
|
Dealing with lease extensions and amendments – complex cases, where acting for the applicant |
From £1150 |
|
Dealing with lease extensions and amendments – simple cases, where acting for the applicant |
£750 |
|
Dealing with Stamp Duty Land Tax or Land Transaction Tax |
£75 |
|
Dealing with Transfer of Equity, excluding disbursements |
£245 |
|
Drafting a Matrimonial Separation Agreement |
£50 |
|
Drafting a Matrimonial Waiver |
£15 |
|
Drafting a Statutory Declaration |
£50 |
|
Drafting an Assured Shorthold Tenancy |
£95 |
|
First registration at Land Registry, excluding the Land Registry fee |
£95 |
|
First registration in Scotland, from Sasine Register, excluding disbursements Legal firm to confirm cost for complex registrations |
£95 |
|
Investigating bankruptcy entries per case - insolvency register check |
£30 |
|
Investigating the Title to Additional Land, including separate titles |
£45 |
|
Investigating unclear Land Registry priority searches |
£75 |
|
Obtaining a bespoke indemnity insurance policy – not a block policy, excluding policy premium |
£45 |
|
Obtaining a letter of postponement from the Ministry of Defence or local authorities – per letter |
£50 |
|
Obtaining a letter of undertaking regarding searches – Scotland only |
£15 |
|
Obtaining a letter of undertaking regarding title – Scotland only |
£50 |
|
Obtaining and registering a Deed of Postponement |
£195 |
|
Ordering documents or leases referred to in office copies – excluding disbursements |
£10 |
|
Other additional work not listed here - hourly rate |
£150 |
|
Paying off an existing Help to Buy Equity Loan |
£75 |
|
Paying off and discharging an Islamic Finance agreement |
£245 |
|
Registering a third-party transfer document – excluding disbursements |
£100 |
|
Removing a personal charge – each charge |
£150 |
|
Removing a tenancy in common restriction |
£50 |
|
Removing second and subsequent charges – each charge |
£30 |
|
Reversing legal completion – excluding disbursements |
up to £390 |
|
Sending a copy Title Information Document / updated Registers of Title to the applicant |
£20 |
|
Sending back mortgage funds to a lender when applicant delays completion |
£50 |
|
Sending pre-registration deeds and documents |
£10 |
|
Separating title and creation of servitude rights/burdens - Scotland only, excluding disbursements |
£195 |
|
Storing title deeds – Scotland only, paid annually |
£75 |
|
Telegraphic transfer – same day payment of funds sent to the applicant each transfer |
£30 |
|
Telegraphic transfer – same day payment to pay off an existing loan(s) |
£30 |
|
Validating a gift or loan from a third party – for each gift or loan |
£50 |
|
Validating the source of a shortfall over £1000 – where the amount borrowed doesn’t pay the existing loan(s) |
£25 |
Your Guide to Legal Services
Check out our Guide to Legal Services for commonly asked questions to discuss with your client. If you can't view this document, please get in touch.