Fees & Charges

Velocity Mortgages do not charge up front fees. Our fees are charged only on the basis that we successfully obtain a mortgage offer of loan through to completion. Adverse application fees are dependant on the degree of difficulty but typically range from £600 to £1,200 with half payable at offer of loan stage. Fees are negotiable and will be established at the onset.

Some lenders charge fees up front for administration or valuation fees and some offer a free valuation and free legal service.

Other costs you may incur

Don’t forget to budget for other costs that you may incur when buying your home:

• Stamp Duty may be payable on your new purchase. Stamp Duty is charged at 1%, 2%, 3% and 4% depending on the value of the property.
• If your mortgage exceeds a certain percentage of the valuation you may incur a higher lending charge (HLC) to cover the greater risk by your mortgage provider.
• Your solicitor will also charge a fee for searches and conveyancing.

Why we're different

Velocity Mortgages are different. We offer a professional, streamlined service via Freephone or email that enables us to quickly and efficiently find the right product for you.

We can provide solutions in 10 minutes, have all the information we need at our fingertips, and have trained professionals on hand to handle your queries.

Find out more about why we're different.