Typically there is a lender set-up fee of 2% and interest is charged per month based on the loan to value (LTV).
Rates vary based on the amount you require, it’s LTV, the property, your experience and credit file. Please contact us if you have a particular project in mind.
In addition there is a valuation fee, your solicitors and most of the time the lender’s solicitor. Occasionally there is an exit fee based on a number of months interest, although this is rare.
If you are carrying out a refurbishment the lender may carry out a mid term inspection and you are responsible for the fee.