What is an arrangement fee? | Mortgages Made Simple | HSBC UK

Описание: Thinking of buying for the first time and want to understand the mortgage process? Find out more here: https://www.hsbc.co.uk/mortgages/guid...

What is an arrangement fee, also known as the product or completion fee?

This is the fee you pay to a lender for the actual mortgage product.

You can often add the fee amount to the mortgage itself, though this will increase the amount you owe, the amount of interest you repay and your monthly payments. It’s always worth factoring in the arrangement fee when comparing different mortgages: https://www.hsbc.co.uk/mortgages/prod...

If you need help with some of the other tricky terms and phrases, take a look at the rest of our ‘Mortgages Made Simple’ playlist.

Remember, your home may be repossessed if you do not keep up repayments on your mortgage. Subject to status & eligibility. Booking fees may apply. For persons in the UK. T&Cs apply.

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