Nothing in this communication should be relied upon as a promise or representation as to the future, creates any adviser / client relationship between any recipient and HSBC nor constitutes an invitation or inducement to engage in investment activity nor an offer, solicitation or invitation by HSBC for the sale or purchase of securities or any of the assets, business or undertaking described therein. The securities described in the communication have not been, and will not be, registered with the US Securities and Exchange Commission or any other US regulator, and were offered to persons outside the United States in compliance with Regulation S under the US Securities Act of 1933 as amended (the "Securities Act"). Where the transaction described in the communication is a Reg S transaction: This communication is not for distribution, directly or indirectly, in or into the United States. This communication is directed only at Professional Clients or Eligible Counterparties (as defined in the EU Directive 2014/65/EU on Markets in Financial Instruments Directive, as amended ("MiFID II") and in the United Kingdom, within the meaning of MiFID II and the Markets in Financial Instruments Regulation (Regulation 600/2014), as amended, and any implementing legislation as it forms part of retained European law as defined in the European Union (Withdrawal) Act 2018 (as amended from time to time ) and is not for use or distribution to Retail Clients. Accordingly, no representation or warranty or undertaking, express or implied, is given by or on behalf of HSBC as to, and no reliance should be placed on, the accuracy, completeness or fairness of the information or opinions contained herein and HSBC disclaims all liability arising from or in connection with this communication. HSBC is under no obligation to update or keep current the information contained herein. The information contained in this communication has not been independently verified by HSBC or any independent third party and is based on publicly available sources or proprietary data provided as at the date of this communication, does not purport to be comprehensive and is subject to change without notice. This communication should not, except with the prior written consent of HSBC, be copied, reproduced, distributed, communicated or disclosed in whole or in part by recipients to any other person. Other lenders add the Arrangement Fee to the loan, which means that you will pay more in interest over the course of the loan.īe wary of mortgage lenders that offer low interest rate loans coupled with high Arrangement Fees in an attempt to obtain more favourable ratings in mortgage comparison tables.This communication has been prepared by a member of the HSBC group of companies ("HSBC") is for information purposes only and does not constitute or form any part of any (i) invitation or inducement to engage in investment activity or (ii) offer, solicitation or invitation by HSBC or any of its members, directors, officers, employees, affiliates or agents or any other person for the sale or purchase of any securities or other investments described herein and nothing contained herein shall form the basis of any contract or commitment or investment decision whatsoever. You should look very carefully at any conditions associated with the fee: some lenders expect you to pay when you submit your mortgage application and it might not be refundable, though this must be disclosed at the point of agreement. The Arrangement Fee is intended to cover the administrative costs of setting up the credit facility. Nowadays, if you require a fixed rate or discounted mortgage you will probably have to pay an Arrangement Fee. The size of an Arrangement Fee can vary from a couple of hundred pounds up to 1% of the mortgage value, which can be a sizable sum. You can try checkmyfile free for 30 days, then for just £14.99 per month. Our Multi Agency Credit Report gathers your data from three Credit Reference Agencies to ensure you don’t miss anything important. You can check how your credit accounts appear by viewing your Credit Report. The Arrangement Fee itself is unlikely to appear on your Credit Report but, depending on the lender, the amount may be added to the account’s total balance. Will the Arrangement Fee appear on my Credit Report? Not all lenders charge an Arrangement Fee. Under the Consumer Credit Act 1974, an Arrangement Fee must be quoted in your written offer of credit and in your Credit Agreement. An Arrangement Fee (sometimes called a Completion Fee or Booking Fee) is an administration charge made by lenders for arranging credit – usually for a mortgage or for a business loan and sometimes for car finance.
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