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| What is an Arrangement Fee?
The Arrangement Fee is also know as administration fee or even management fee. This fee is covering all administration like issuing complex forms, implementing the transaction, and reserving the funds. And it maybe added for example on your mortgage increasing it or taken from the advanced which you've payed up front.
For example your applying for a loan of £10.000 and the paper work, fees and taxes cost £500 then the loaner arranges your loan for £10.500 and that's the price you pay. | | | | |
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