At Nemo we like to keep our customers informed. The details of the standard fees we charge are listed below:
Administration Fees
Telegraphic Transfer
£30
Change to Direct Debit Payment Due Date
£25
Statement of Account – 12 month transaction history.
Chargeable for 3rd party requests only.
£25
Settlement Quotations – Payable on 2nd and subsequent requests.
£25
Changing the term of your loan
£125
Our consent to let your property
£125
Our consent to a 3rd charge against your property
£125
Mortgage Reference
£100
Deed of Postponement – This fee maintains your Nemo Loan as the
second charge on your property should anything change regarding the first
charge. For example if you change your mortgage provider.
£125
Transfer Fee – Payable if you move house and transfer your loan to
your new property.
£125
Adding or removing a person from your loan agreement
£125
Security Release Fee* – Payable if you wish to settle your loan early,
this is in addition to the amount required to settle your loan.
£175
Capital Repayment Charge* – Payable if you wish to make a lump sum
capital repayment on your loan.
£100
Defaults
Unpaid Direct Debit
£30
Returned Cheque
£30
Arrears
Arrears Letter
£25
Default Notice
£50
Arrears Visit
£90
7 Day Letter – This fee is charged prior to issuing a default notice or Solicitor’s instructions, and follows at least one arrears letter.
£25
Solicitor’s Instructions
£100
*Not applicable to loans regulated under the Comsumer Credit Act 1974
How to Pay
All charges can be paid for by Switch, Delta, Solo, Electron & Maestro.
If not paid they will be added to your Account and please be aware that
they will accrue interest. The charges are payable under the terms of
your Nemo Personal Finance Loan Agreement as at 31/03/2006 and are
subject to change without notice to reflect changes to Us in the cost of
these services. There may also be a charge for uncommon services.
How much will my monthly repayments be?
A NEMO LOAN IS SECURED ON YOUR HOME. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
