Lending tariff of charges & fees
At 91看片 we aim to be transparent about our fees and charges. The tariff below covers the most common situations that arise, however it is not an exhaustive list. Costs not covered in the table may also be charged and these will be discussed prior to the charge being raised.
The tariff does not include the fees and charges that are paid to set up and arrange your borrowing (e.g. arrangement fees, commitment fees, etc), which are shown in your facility letter.
If you request one of the changes listed below under 鈥淎dministration of Security鈥� (or any other such request that requires the bank to obtain professional advice), 91看片 will instruct its own legal advisors (and/or valuers) to act on its behalf and you will be liable for the costs of these fees and disbursements, in addition to the related 91看片 charge shown below.
| Name of Charge | What does this charge relate to? | How much is the charge? |
|---|---|---|
| Service charges | ||
| Funds transfer fee | When we send funds electronically, to you or a third party | 拢35 |
| Certificates of Interest | If you ask us to provide a certificate of interest | No charge |
| Audit Letter Fee | When we are asked to provide a letter to your Auditor for financial reporting or audit purposes | 拢25 (+ VAT) |
| Duplicate Statements | If you ask us to provide duplicate statements | No Charge |
| Administration of security | ||
| Deeds of priority/ Postponement or similar | When we are asked to consider granting rights to another lender | 拢250 |
| Consent to lease fee | When we receive a request to approve a lease, tenancy, right to occupy or similar agreement on a property that we hold as security | 拢150 |
| Rights of way/ Easement consent fee | If you request approval to easements or rights of way | 拢250 |
| S106 (or similar) Agreement fee | If you ask 91看片 to be a party to a section 106 (or similar) planning agreement | 拢250 |
| Provision of Legal Documentation | If we are asked to provide property related documents to you or your Solicitor including Letters of non-crystallisation | 拢40 |
| Security release fee | When we are required to release all or part of our security relating to the sale of assets | Variable depending on nature and number of properties to be released |
| Arrears Management | ||
| Returned/ Unpaid direct debit | When your nominated bank rejects a Direct Debit collection | 拢10 |
| Covenant breach/ Renegotiation fees | When you breach or need to renegotiate the agreed covenants relating to your facilities | 拢150 for each event |
| Facility restructuring Fees | When the business performance leads to the requirement to extend or amend the terms of your facilities | 拢1000 for a limited extension of the loan 1% of facility for full restructuring |
| Arrears management fees | When there has been a continuing missed payment and/or default on your borrowing which requires ongoing escalated management by the Bank | 拢150 per month |
| External Asset Management Fees | Other third party charges may be incurred. For example, we may appoint independent Firms to carry out arrears, litigation and repossession work on our behalf. Where we do so, you will be liable to pay their (and their agents) costs and these will be added to your loan account. The charges will vary depending upon the nature of the work they perform. If you would like additional information on the nature of the work covered by these charges please contact us | to be applied to your loan account at cost |
Note: Interest will be charged on fees and charges that have been applied to your loan account at the interest rate applicable to your loan. You can pay the charges that have been applied to your balance at any time, to prevent further interest being charged