- Aka. Sometimes also called a Completion Fee.
- What is it? This fee can be paid at any point before the mortgage starts. It is the fee your mortgage lender charges to set-up your mortgage.
- How is it paid? You usually have the option to pay this upfront, or add it to the mortgage balance.
- Is it refundable if I don't proceed with the mortgage? If you are declined or decide not to proceed, you can normally get this fee refunded.
- Where can I find this fee on my KFI? This fee will appear in Section 8.
- How much roughly can I expect to pay? This will vary massively. It could be a cash amount, or could be a percentage of the mortgage you are applying for. Because of this it's difficult to give an idea of how much it might cost.
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