everything extra to do with FTB mortgages please?

fimonkey

Hi All.

What fees/charges etc are involved in everything to do with a FTB mortgage? Some of them I've considered (with questions) are below. Have I missed any out?

1. The mortgage advisors fee (if not using fee free MA). This can be payable upfront, or payable once you take out a mortgage through them.

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But if the latter's the case, what's to stop yuo from taking their advice, then going off to arrange the mortgage they recommend yourself?

2. The arrangement fee, payable to the bank/building society. this may vary accoridng to the interest rate etc. Some mortgages with higher arrangement fee's have lower interest rates (if fixed). Is this right?

3. Valuation fee, for the lender to agree to lend you their money. This can be combined with a survey too?

4. Solicitor or conveyencer fee (what EXACTLy do they do for this money)?

5. Once the mortgage is taken out.. what compulsory payments then have to be made? I'm thinking in terms of life insurance, is this compulsory? aslo critical illness? and buildings and contents insurance, are they both compulsory? Would a MA be able to recommend these too, or is it something you have to go research yourself? - Any other definate payments?

6. Stamp duty (who do you pay this to, is this something the solicitor/conveyencer handles)?

Anything else I shoudl be considering??

Cheers