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Leeds Building Society - CHAPS FEE
Jonquil87
Posts: 6 Forumite
Hi All
First time buyers here so new to the process & not using a broker, we decided to go direct to LBS, but starting to think a broker would have sped things up a bit and would have been able to answer my questions in a more timely manner!
Anyway, we’ve been asked to pay the CHAPS FEE of £35 and was just wondering what’s the likely hood of them asking us to pay this then decline the mortgage? Has anyone else paid the fee to be subsequently declined?
Ta
First time buyers here so new to the process & not using a broker, we decided to go direct to LBS, but starting to think a broker would have sped things up a bit and would have been able to answer my questions in a more timely manner!
Anyway, we’ve been asked to pay the CHAPS FEE of £35 and was just wondering what’s the likely hood of them asking us to pay this then decline the mortgage? Has anyone else paid the fee to be subsequently declined?
Ta
0
Comments
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They just refund it later, if needed.
It's always collected upfront if you don't opt to add it to the loan.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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