Tariff of Fees & Charges

  • Please note that this fee tariff must be read in conjunction with the offer letter and terms and conditions previously sent to you.
  • All fees are exclusive of VAT where applicable.
  • Interest may be charged on fees and charges added to your account in accordance with the terms of the offer letter and Lendhub’s terms and conditions.
  • Where Lendhub instructs solicitors, agents, or other third parties in connection with your loan and/or in connection with a breach of your loan and/or the loan terms and conditions, you will be responsible for all costs and disbursements.
  • We reserve the right to change our fee tariff from time to time. We may increase fees or introduce new fees to reflect, in a proportionate manner, reasonable changes in the services we provide and/or reasonable changes in our costs in supplying services and/or administering the loan and our business generally. Any change will be proportionate to the reason(s) for making it.

Loan Related Charges

Where other services are provided to you that are not listed below, we will tell you about these and the costs involved.

Charge

Description

Fee

Administration Fee
Charged to arrange your loan
£995
Partial release of Land/Property
Charged if we are asked to release a section of the property from our charge. You may also incur surveyor fees and solicitor fees, which will vary depending on the complexity of the transaction.
£350
Additional Advances
Charged when we provide subsequent drawdowns of funds following completion of the loan.
£295
Portfolio Manager Update Fee
Monthly fee charged for receiving and reviewing you or your agent’s monthly update where such an update is required in accordance with the terms and conditions of your loan.
£90
Loan Management Time Fee
Charged as an hourly fee to deal with every other aspect of the loan not dealt with in a Portfolio Manager Update. This fee is charged where a senior member of our team spends time administering, reviewing, monitoring, or otherwise dealing with any aspect of your loan or the security for it.
£125
Part Repayment
Charged when you make a lump sum payment which reduces the balance of your loan.
£250
Consent to Lease
Charged by Lendhub for considering a new consent to lease agreement.
£150
Consent to Further Charge
Charged when we are asked to consent to an additional loan being secured against the property with another lender.
£250
Consent to Section 106 Planning Agreements
Charged if we are asked to execute/consent to a section 106 agreement.
£375
Deed of Postponement/Letter of non-crystallisation
Charged when you ask us to postpone our charge in favour of another lender or where we are asked to provide a letter of non-crystallisation.
£375
Loan Reference
Charged when we are asked to provide information on the status and conduct of your account.
£100
Returned Direct Debit
Charged if your bank refuses to authorise the direct debit payments to ourselves.
£35
Lender’s Insurance
Charged in addition to the cost of the newly arranged policy you allow the buildings insurance on the property to lapse, or do not provide us with up-to-date details within 14 days of request showing that the Property has adequate cover in place as per the terms of the facility, we will arrange for an insurance policy on the property.
£150 and
£50pm

Charge

Description

Fee

Deeds/Security Release Fee
Where either a full or partial redemption of the loan occurs. This fee is charged for each Security. (This is in addition to our solicitor’s costs in dealing with the discharge of the loan).
£350
Solicitor Redemption Charges
Charged by Lendhub’s solicitors only when work is undertaken by them upon redemption of your loan.
Variable
Variation of Loan Terms
Charged if we agree to vary the existing terms of your Loan. You may also incur a solicitor’s fee for this charged at their cost.
£250
Change of Term (Authorised) Fee
Charged when a first extension is granted. (If the extension is granted this fee must be paid in advance of the extension coming into effect).
Variable
Subsequent Change of Term
(Authorised) Fee
Charged when a second or subsequent extension is granted. (If the extension is granted this fee must be paid in advance of the extension coming into effect).
Variable
Change of Term (Unauthorised)
Fee
Charged if the loan has not been redeemed in full by the end of the latest contracted loan term and no formal extension request or other arrangement has been agreed.
3% of loan
balance

Arrears Related Charges

These fees may be incurred should you not keep up to date with your payments or if you break other terms of your agreement.

Charge

Description

Fee

Unpaid Ground Rent/Service
Charge
Charged for our administrative costs when we make payment of Ground Rent, Service Charges, or any other charges in relation to the security property (in addition to the fee or charge paid).
£250
Material Project Divergence Fee
Charged if we serve you with a Material Project Divergence Notice.
1% of
Facility
Monthly Arrears Fees
This is a monthly fee in respect of administering your loan account if you fall one or more months behind with your payments and no arrangement is in place to clear the outstanding payments. Where this is charged, the Portfolio Manager Update fee is waived.
£950
Referral to Recoveries
Charged as a one-off fee when you are referred to our recoveries department.
£500
Reservation of Rights/Notice of
Charged if we issue a Reservation of Rights Notice or following an Event of Default if we issue a Default Notice.
£500
Referral to Solicitors
Charged if you are in default and we refer your case to external solicitors. The monthly arrears charge will continue to apply after such referral.
£750
Appointment of an Administrator or a Receiver
Charged if you are in default and we appoint a receiver to manage the Property and carry out duties and exercise rights as a receiver of the Property in accordance with the legal charge.
£2500
Solicitor Litigation Costs
These are the legal charges we have to pay to our solicitors if we/they have to take legal action against you and includes any court fees we incur.
Variable
Administrator & Receivership
Charges
Charges for the appointment and subsequent costs incurred by an Administrator or LPA receiver relating to the management and sale of the property.
Variable
Agents Maintenance and Sale
Costs
Charges relating to Agents’ costs for the maintenance and sale of a repossessed property.
Variable

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