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Security Fees
Effective from 1 September 2004
When security is required to support borrowings, expenses are incurred. Set out below are the fees for perfection and release of security.
| Approval of Account Opening Documentation - Company / Pension | £80.00 |
|---|---|
| Contract Bonds | £60.00 |
| Interlenders Agreement | £100.00 |
| Legal Charge over property(First or Second) Non-Company | £80.00 |
| Legal Charge over Limited Company/Pension property | £120.00 |
| Letter of Guarantee | £40.00 |
| Specific Letter of Guarantee | £80.00 |
| Letter of Guarantee from a Company | £80.00 |
| Assignment of a Life Policy | £40.00 |
| Assignment of a Keyman Life Policy (to include registration in Companies Office Costs) | £160.00 |
| Solicitors Undertaking - Non-Company | £50.00 |
| Solicitors Undertaking - Company (to include registration in Companies Office costs) | £150.00 |
| Mortgage Debenture with property | £120.00 |
| Mortgage Debenture with no property | £80.00 |
| Charge over Deposits (Company to include registration in Co Office) | £100.00 |
| Charge over Deposits (Personal) | £20.00 |
| Memorandum of Deposit Stocks and Shares | £40.00 |
| Mortgage over Fishing Vessel | £120.00 |
| Letter of Set Off Principal and Interest | £120.00 |
| Letter of Take Out | £20.00 |
| Release of Deeds on Accountable Trust Receipt to Solicitors | £80.00 |
| Fixed Charge over Book Debts | £60.00 |
| Approval of Interlenders Agreement, Deeds of Postponement | £30.00 |
| Approval of Deeds Transfer | £130.00 |
| Preparation/Examination of Resolutions/Mandates | £40.00 |
| Approval of Power of Attorney | £30.00 |
| Letter confirming ownership of a Property | £75.00 |
| Photocopy of Deeds | £20.00 + admin fee* |
| Inspection of deeds by client at branch | £40.00 |
| Follow up letter to Solicitors re outstanding security | £11.50 |
| Release of Charge (Legal and Equitable) | £40.00 |
| Re-Assignment of Life Policy | £20.00 |
*(Administration Charge will be levied at £40.00 per hour or part thereof).
In addition to the foregoing, where the Bank requires to appoint a Solicitor to act solely on behalf of the Bank, an additional legal fee will be incurred. This will be advised and agreed at the time that facilities are negotiated.
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