Mortgage Fees & Costs Calculators

How to Use These Mortgage Fee Calculators

Follow this 5-step process to understand all mortgage costs, compare fees, and minimize your total expenses.

FCA Compliance Notice

These mortgage fee calculators provide estimates for informational purposes only. They do not constitute financial or mortgage advice. Actual fees, charges, and total costs depend on lender, product, property value, loan amount, credit score, and individual circumstances. UK mortgage fees (October 2025): Arrangement Fee - £0-2,000 (typical £999-1,495, fee-free deals available but usually 0.2-0.5% higher rate, can add to mortgage but increases total interest cost). Valuation Fee - £0-1,500 (free with some lenders, typical £250-400 for £200k property, £400-600 for £300k, £600-1,000 for £500k+, £1,000-1,500 for £1m+ properties). Legal Fees - £500-1,500 (conveyancing £800-1,200, searches £250-400, Land Registry £50-300, some lenders offer free legal services). Survey Fee - £300-1,500 (HomeBuyer Report £400-900, Building Survey £600-1,500, recommended for older properties or structural concerns). Broker Fee - £0-500 (many brokers are fee-free and paid by lender commission, some charge £300-500 for specialist advice or complex cases). Booking Fee - £0-250 (non-refundable upfront fee charged by some lenders). Total upfront fees: £1,550-7,250 typical range (£2,500-4,000 average for standard purchase). Fee vs rate trade-off: fee-free mortgages typically have 0.2-0.5% higher interest rates. Example: £200,000 mortgage, 0.3% higher rate = £50/month extra = £600/year. Break-even point: if arrangement fee >£600, fee-free mortgage cheaper for first year. If staying 2+ years, fee-paying mortgage with lower rate usually cheaper overall. Adding fees to mortgage: £1,500 arrangement fee added to £200,000 mortgage at 5% over 25 years = total cost £2,631 (£1,131 extra in interest). Only add fees to mortgage if cash-poor, otherwise pay upfront to minimize total interest cost. Total mortgage cost: £200,000 mortgage at 5% over 25 years = £200,000 principal + £133,000 interest + £3,000 fees = £336,000 total (68% more than amount borrowed). Small rate differences create huge cost differences: 4.5% rate = £323,000 total, 5.0% rate = £336,000 total (+£13,000), 5.5% rate = £350,000 total (+£27,000 vs 4.5%). 0.5% rate difference = £13,000 extra cost over 25 years. Shorter mortgage term reduces total interest: 20 years = £106,000 interest (save £27,000 vs 25 years), 15 years = £75,000 interest (save £58,000 vs 25 years), but monthly payments higher (20 years = £1,320/month vs £1,169 for 25 years, difference £151/month). Overpayments significantly reduce total cost: overpay £200/month on £200k at 5% over 25 years = save £42,000 interest and clear mortgage 7 years early. Early Repayment Charges (ERC): fixed rate mortgages typically charge 1-5% of outstanding balance if repaying during fixed period (Year 1: 5%, Year 2: 4%, Year 3: 3%, Year 4: 2%, Year 5: 1%, then £0 after fixed period ends). Example: £200,000 mortgage with 5-year fixed, ERC in Year 1 = 5% × £200,000 = £10,000. ERC in Year 3 = 3% × £180,000 (reduced balance) = £5,400. ERC after Year 5 = £0. Overpayment allowance: most mortgages allow 10% overpayment per year without ERC (£200k mortgage = £20,000/year = £1,667/month allowance). Exceed allowance: ERC charged on excess amount only. Example: overpay £25,000 (£5,000 over 10% limit), ERC = 5% × £5,000 = £250. Tracker and variable rate mortgages usually have no ERC (flexible, can switch or repay anytime). Porting: most fixed rate mortgages are portable (can transfer to new property when moving to avoid ERC). Switching costs: Exit Fee - £0-300 (admin fee from old lender for closing mortgage), Early Repayment Charge - £0-10,000+ (if switching during fixed period, 1-5% of balance), New Arrangement Fee - £0-2,000 (fee for new mortgage product), Valuation Fee - £0-600 (new lender may require valuation, often free for remortgage), Legal Fees - £0-500 (remortgage conveyancing, often free from lender), Broker Fee - £0-500 (if using broker for remortgage advice). Total switching cost: £50-4,000 typical (£500-1,500 average if no ERC, £3,000-8,000 if ERC applies). Switching decision: calculate monthly saving from lower rate, divide switching costs by monthly saving to find break-even point. Example: switch from 5.5% to 4.5% on £200k mortgage saves £100/month, switching costs £1,099, break-even = 11 months. Worth switching if keeping new mortgage 1+ years. Best time to switch: 3-6 months before fixed period ends to avoid Standard Variable Rate (SVR 7-9% typical) and avoid ERC. Standard Variable Rate (SVR): lender's default rate after fixed/discount period ends, typically 7-9% (2-4% higher than best fixed rates). £200k mortgage on SVR at 8% = £1,540/month vs 5% fixed = £1,169/month (£371/month more = £4,452/year extra). Always remortgage before reverting to SVR. Insurance costs: mortgage protection insurance £20-80/month (life insurance to cover mortgage if you die), buildings insurance £20-50/month (required by lender), contents insurance £10-30/month (optional but recommended). Total insurance: £50-160/month (£600-1,920/year). Shop around annually to minimize insurance costs. Fees vary significantly between lenders and products. Some lenders offer fee-free packages (free valuation, free legal, £0 arrangement fee) but may have slightly higher rates. Others charge higher fees but offer lower rates. Always compare total cost over your expected timeline (2/5/10 years), not just headline rate or fees in isolation. Consider flexibility: products with higher fees often include better features (free overpayments 10-20% per year, portability, no exit fees, cashback, free valuation/legal). Worth paying extra for flexibility if circumstances might change. Professional advice essential: mortgage fees and costs are complex with many variables. For personalized advice on minimizing costs, comparing products, optimal switching strategy, and negotiating fees based on your full financial circumstances, consult FCA-regulated mortgage advisors who can access whole-of-market deals and potentially negotiate lower fees. MortgagePro.uk is a comparison tool and not a financial advisor, mortgage lender, or mortgage broker.