At Crystal Clear Commercial Mortgages we like to be upfront about all our fees. Any commercial investment transactions are subject to the following fees: Administration Fee
This is the lenders charge for administration of your application and is either added to the total loan amount or paid upon application, depending on the lender.
Valuation Fee
This is payable to us. We then pay the surveyor for the valuation required by the lender. This is payable on submission of your application. Please note that commercial valuations are usually more expensive than those carried out on residential property due to the extra work involved.
Legal Fees
All legal fees are payable by you, the customer, when required by our solicitor. Again, legal costs for commercial property transactions may be higher than those for residential properties due to the increased complexity but these can be added onto the mortgage balance.
Booking Fee
Some commercial mortgage lenders may also make a charge for securing a certain mortgage rate and is usually only applicable with fixed rates. This fee, where charged, can be paid on submission of the application or added onto the loan.
Broker Fee
We charge a broker fee which is payable upon completion of your mortgage. this can be added to the loan or paid separately.