www.mortgage-terms.co.uk



Home
Site Map

Compare
Finance
Debt
Casino


Arrears fee

The mortgage definition for Arrears fee:

This is charged on a monthly basis to cover additional administrative costs where your mortgage account is one or more monthly payments in arrears. Costs £15 - £45. You may well be charged arrears fees in connection with other products.

Similar Matches

Arrears

Arrears
These are the sum total of late or overdue payments for a mortgage, ground rent and maintenance charges, or any other regular payment. Some insurance policies will automatically be voided if you fall into arrears.


Arrears

Arrears
Arrears occur when the borrower misses one or a series of monthly payments. Arrears can lead to the repossession of the property. 


Arrears breakdown

Arrears breakdown
A month-by-month breakdown of any arrear balance and charges for your mortgage. A fee for this service is often added to your account once you have been sent the breakdown. Costs £10 - £30


Further Suggestions

Mortgage arrears


Click to compare definitions of
Arrears fee
Click to view definitions beginning ar
  www.mortgage-terms.co.uk is a finance, business, investment and stock market resource of common mortgage words. Stamp Duty Calculator - Income Tax Calculator.