Remortgage LabUK decision tools

Mortgage fees explained (UK)

A lower rate with a large product fee can cost more than a slightly higher rate with low fees — especially over a short fix.

Updated UK · illustrative onlyNot a lender or brokerAboutDisclaimer

RLPublished by Rodway Labs — not a mortgage adviser

Published

Common fee types

  • Product / arrangement fee: charged by the lender for the deal; often £999–£1,499, sometimes £0 on “fee-free” products with a higher rate.
  • Valuation fee: for the lender’s valuation; sometimes free on remortgage products.
  • Legal / conveyancing: remortgage conveyancing packs are common; complex titles cost more.
  • Broker fee: may be paid by you, by the lender (procuration fee), or a mix — ask for a clear breakdown.
  • Cashback: reduces net cost but may have clawback if you leave early.

Enter each line item in the true cost calculator. Toggle “add fees to loan” to see the cash vs interest trade-off.

Related

Calculators and articles on Remortgage Lab are illustrative and not personalised financial advice. Always check current lender terms and, where appropriate, speak to an FCA-authorised adviser. England & Northern Ireland focus where tax rules are cited; Scotland and Wales differ.