Mortgage houses

Tariff of Mortgage Charges

Here are details of the Stafford Railway Building Society’s current fees relating to mortgage accounts. Stafford Railway Building Society is closely involved in the mortgage industry’s initiative with the Council of Mortgage Lender and Which? to make our fees and charges easy for you to understand.

Our tariff of charges fully reflects the initiative’s good practice principles. This same document is being used across the industry to help customers compare mortgages.

When looking at the fees that other firms charge, you may notice some that don’t appear in our tariff link (below). This means we don’t charge you these fees.

If you need any further information regarding any of our charges, please feel free to contact us.

ServiceChargeNote
Redemption Statement£10A redemption statement is issued free of charge upon request. However, a fee is charged for any 2nd and subsequent request in a 12-month period.
Duplicate Mortgage Tax Certificate (for each year)£10Charged if you request a second or subsequent certificate of interest paid.
Duplicate Mortgage Statement£10Each year an annual statement is issued to all mortgage customers. If you request a duplicate of this statement, we charge this fee to cover the administration costs producing the statement again.
Unpaid Mortgage Cheque Fee£15This fee applies if your payment by cheque is retuned by your bank.
Mortgage CHAPs Fee (funds transfer)   £25A charge for electronically transferring the mortgage funds to you or your solicitor.
Unpaid Mortgage Fee(arrears)£35You may be charged an arrears fee on a monthly basis, or when specific events happen in the management of your mortgage account when you are in arrears.
This covers charges in respect of your account if you fall behind with your payments.
Mortgage Exit Fee£150You may be charged this:
  • If you repay your mortgage in full before the mortgage term ends.
  • You re-mortgage to another lender
  • Transfer borrowing from one property to another
You may be charged a separate fee by your solicitor or licensed qualified conveyancer for their work relating to the redemption of the mortgage and discharge of security.
This fee does not apply when your mortgage term naturally comes to an end.
Partial Release of Property Fee£25Payable if you want to remove part of the property or land from the mortgage. It covers administration costs when issuing letters of consent.
Transfer of Equity£175This fee will be charged if you make a request for an amendment to the name or names on your mortgage.
Mortgage Questionnaire Fee£35To cover the cost of providing another lender with a reference.
Litigation Fee (commence legal action)£35If your account is referred to the Society’s solicitors to instigate proceedings to recover arrears.
Change of Term Fee£50The fee covers the administration cost of assessing and amending the term on your mortgage account.
Change of Repayment method fee£50This fee covers the administration costs in transferring your account, or part of it from repayment to interest only or vice versa.
Land Registry FeeVariableWhen applying for a further advance, this covers the cost of Land Registry checks carried out by the Society.
Deed of Variation£25This charge is made whenever you request a variation to your existing mortgage terms and conditions, to which we agree.
Deeds Release Fee£25This fee applies should your solicitor request the release of the title deeds relating to your property.
Consent to Let Fee£25If you wish to let your house to another party, you will need to obtain the Society’s permission. This fee covers the cost of approving the letting.
Property in Possession Fee£200When a repossessed property is sold by the Society, this charge will be made to the mortgage account to cover the Society’s costs of administering the sale of the property. In addition, marketing and legal fees will also be incurred and charged to the borrower.
Copies of Title Deeds£25This charge covers the costs of supplying copy extracts from your title deeds or obtaining up to date details form the Land Registry for you.
Payment of Unpaid Ground Rent / Service Charges Letter£80When we have to communicate with you and/or your landlord regarding outstanding ground rent or service charges in order to protect the security for the loan.
Early Repayment ChargePlease refer to your mortgage offerYou may have to pay this if:
  • You overpay more than your mortgage terms allow
  • You switch mortgage product or lender during a special rate period
Application Fee VariableAssessing and processing your application (even if your application is unsuccessful or you withdraw it).
Product FeeVariableThis is charged on some mortgages as part of the product

This tariff is subject to change. If we adjust the charge for any service, we will give you 30 days’ notice, in writing, at your current address in our records.

Other General mortgage information