Not all lenders charge the same fees and they can range in price. Typically, the more specialist the lender, the more the fees are.

  • Application fees (Also known as establishment fee)
  • Property valuation fees
  • Ongoing fees (i.e., Annual fees)
  • Late payment fee (Also known as a default fee)
  • Early exit fee (If you fully repay the loan before the end of the loan term and close the loan early you will need to pay an early exit fee)
  • Discharge fee (Paid when you have repaid your mortgage in full)
  • Break fees (If you switch loans during a fixed rate term)
  • Redraw fees
  • Account-keeping fee for offset account (Paid if you have an offset account attached to your loan)
  • Lender’s Mortgage Insurance (LMI) (required if your deposit is less than 20%)

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