Arrangement fees and valuation fees

Arrangement fee

Arrangement fees that apply to our mortgages are shown on the Spanish Mortgage Rates page.

Valuation fee

For us to agree a mortgage advance we will need a Mortgage Inspection Report for the property. The range of fees are set out below.

The Mortgage Inspection Report is for valuation purposes and does not replace the need for an independent building survey.

Our team in Gibraltar can put you in touch with a UK qualified surveyor. If the surveyor completes both surveys it is likely that only one fee will be charged for both reports.

If you are applying for a Euro Mortgage you must send your Euro Fees by Telegraphic Transfer to our bank. Please phone (00350) 200 50602 for further details

Insurance for buildings and contents

It is a condition of the mortgage that you will need to make sure you have adequate insurance in place to cover the property against fire, flood or subsidence.

We will be happy to help arrange both buildings insurance and contents insurance through our Gibraltar office.

Checklist

CHECKLIST - PLEASE READ CAREFULLY BEFORE YOU SEND YOUR COMPLETED APPLICATION.

You’ll need to provide the following documentation. Please provide originals, which we will return to you as soon as possible.

• Verification of name*
• Verification of residential address*
• Personal bank statements for the last six months (showing salary/income)
• Certified business accounts for the last three years (if applicable)
• Last year’s P60/P7
• Last three months’ payslips (if you receive a salary)
• Last year’s annual mortgage statement and personal bank statements to show all mortgage repayments since the date of the mortgage statement
• Valuation fee
• Arrangement fee

*We can accept the following as forms of verification:

Name identity

• Current EU passport
• Current National ID card

If you are unable to visit our offices in Gibraltar, the document must be correctly certified by an accountant, banker, senior civil servant, doctor, financial institution, justice of the peace, lawyer, member of the House of Assembly, minister of religion, police officer or teacher.

Address identity (one of the following original or correctly certified documents)

• Bank, building society or credit card company statement
• Tax assessment form
• Utility bill (not mobile telephone)
• Letter or policy document from an insurance company quoting a policy number
• Council rates bill

The address identity document must be no more than six months old and show your name
and residential address.

The Society may accept other forms of appropriate address identification at its discretion.