Fees And Charges

Below, please find a summary of the fees and charges that Springboard Mortgages Limited may charge during the course of your mortgage. Should you have any queries with regard to any of these fees and charges, please contact us on 0818 220242.

Fee	Charge
Statements on request	€6
Copies of documents (per document)	€6
Unauthorised tenancy monthly charge - 1st month*	€80
Consent to letting subsequent to completion	€80
Mortgage deed sealing fee	€38
Solicitor, auditor, accountant letter	€13
Document retrieval for closed agreement	€6
Releasing title documents	€38
Mortgage term alterations (after drawdown)**	€50
Giro Payment Book	€25

* Borrowers who, subsequent to loan issue, decide to let their properties are required to seek consent from Springboard Mortgages because of the different credit risk attaching to investment property. Where Borrowers do not seek this consent an unauthorised tenancy fee will be levied.

** This fee will not be charged for term extensions to address mortgage repayment difficulties.

Please note that in the current economic climate, Springboard Mortgages have decided not to charge the following fees to assist our customers in financial difficulty.

Fee	Charge
Arrears fee*	€15
Direct debit alterations (after drawdown)	€10
Unpaid instalment*	€12
Reminder letter on outstanding instalment	€10

* An Arrears fee of €15 was payable for every month or part of a month, between the due date and the actual date the repayment was made and where it was charged an unpaid installment fee was not charged.

In respect of those post draw down fees and charges that arise where customers request Springboard Mortgages to provide a service, customers must elect when requesting that service to pay the fee up front or have it added to the loan account. Fees added to a loan account will attract interest at the prevailing rate over the full term of the loan.

The foregoing fees and charges are not the only fees that may be applied to the loan. Other fees covered under Clause 13 of the Mortgage Conditions 2008 include the following:

A "call-out fee" will be charged if Springboard arranges a visit by a debt counsellor to a Mortgagor who is in arrears
A "tracing fee" will be charged where Springboard is unable to locate the Borrower and instructs a third party to ascertain the whereabouts of the Borrower
A "processing lapsed insurance policy fee" will be charged and applied to the Loan Account where Springboard is advised that the Borrower's buildings insurance policy has lapsed.

There may be other third-party fees and charges that will be passed on to the Borrower. In addition there may be other fees, costs, charges, expenses and amounts payable by the Borrower under the Mortgage Conditions and the General Mortgage Loan Approval Conditions (collectively the "Other Costs").

Fees and charges may be increased in accordance with the Borrower’s loan documentation.