Tariff of Charges for Isle of Man Mortgages
Effective from 17 November 2025
(please note, this tariff replaces any previous tariffs)
Before your first monthly payment
These are the fees and charges you may have to pay before we transfer your mortgage funds.
| Name of charge | What this charge is for | How much is the charge? |
| Legal fees | You will normally instruct an Advocate to act on your behalf in connection with your home purchase transaction. You may be required to pay their legal fees and costs as part of their work on your behalf. These fees/costs are charged by the Advocate, directly to you. |
These fees/costs are charged by the Advocate, directly to you. |
| Product fee | This is charged on some mortgages as part of the deal. It can be paid upfront or sometimes you can add it to your mortgage. If you add it to your mortgage, you’ll pay interest on it at the same rate as the rest of your borrowing. It will be charged as a flat fee. |
Variable |
| Re-inspection fee | If your mortgage is released in stages and you’re using it to renovate your home. This covers the new valuation we need to do after the work’s carried out. | Please contact us |
| Valuation fee |
|
This is charged for the lender’s valuation report, which is used to calculate how much we’ll lend you. This is separate from any valuation or survey of the property you might want to commission. Some mortgages offer a free standard valuation – the product details of your mortgage will tell you if this is the case. Further valuation reports will incur a charge, please contact us. If the purchase price is a reduced figure, we’ll base thef ee on the valuation, not the price. The minimum fee for a re-inspection is £150.
|
| Purchase price | Standard Valuation |
| £50,000 | £200 |
| £100,000 | £257 |
| £150,000 | £308 |
| £200,000 | £365 |
| £300,000 | £473 |
| £400,000 | £573 |
| £500,000 | £665 |
| £600,000 | £745 |
| £700,000 | £830 |
| £800,000 | £909 |
| £900,000 | £987 |
| £1,000,000 | £1,065 |
| £1,200,000 | £1,231 |
| £1,500,000 | £1,387 |
| £1,600,000 | £1,553 |
| For properties over £1.6 million, please contact us. | |
If you ask us for extra documentation and/or services beyond the standard management of your account
| Name of charge | What this charge is for | How much is the charge? |
| Duplicate/interim statement fee | Requesting a copy of a previous mortgage statement or an interim statement of your account as it stands. It might be paid by you or another lender. | £5 |
| Duplicate request for certificate of interest paid (for each year) fee | Requesting a copy of a previously issued certificate of interest paid. This charge relates to each calendar year we’re asked to provide the duplicate certificate for. | £5 |
| Itemised statement (for each year) | Gathering information, preparing and supplying a list of your mortgage account transactions. This charge relates to each calendar year we’re asked to provide the information for. | £5 |
| Re-valuation fee | A re-valuation, if necessary, as a result of you asking for further funds or if a re-valuation is required in connection with a request to value our security (or when considering adding missed payments to your mortgage). | Please contact us |
| Second charge | Our charge to provide information to another lender requesting a second charge. | £150 |
If you change your mortgage
NB if you change to a new mortgage product, the ‘before your first monthly payment’ fees may also apply at this stage.
| Name of charge | What this charge is for | How much is the charge? |
| Early repayment charge (changing your mortgage) | You may have to pay this if: you overpay more than your mortgage terms and conditions allow; or you change your mortgage product during a special rate period (e.g. while you’re on a fixed interest rate). |
Please contact us |
| Partial release of property fee (including variation of security) | Payable if you want to remove part of the property or land from the mortgage. It covers administration costs, including attending to the relevant amendment to our security over the property and issuing letters of consent. Our costs when considering any request to vary our security. This includes sealing a deed, deed variation and lease extension. |
£105 |
| Consent to let fee | If you want to let your property. You’ll pay this for each ‘consent to let’ agreement, where we agree to you letting out your property for a set period of time. The fee may vary if the mortgage is on a flexible product and will be advised by our lettings team once they receive the ‘consent to let’ application. | £295 standard fee |
If you are unable to pay your mortgage
These are the most common charges you may have to pay if you fail to keep up with your mortgage payments. Some charges, for example those covering unpaid/returned direct debits or cheques, occur at the early stages of your inability to pay (arrears). Other charges, for example, relating to our repossession of the property, may apply later in the process and will be dependent on your circumstances.
| Name of charge | What this charge is for | How much is the charge? |
| Arrears fee | You may be charged an arrears fee on a monthly basis, or when specific events happen in the management of your account when you’re in arrears, with no arrangement to repay in place. This covers charges in respect of your account if you fall behind with your payments. |
£40 per month |
| Broken arrangement fee | This fee may be charged if you make an arrangement with us to repay your arrears and then break it. | £40 per month |
| In any one month you’ll only be charged an arrears fee OR a broken arrangement fee. | ||
| Unpaid ground rent/service charge fee | The administrative costs that we charge if your freeholder or management company approaches us to pay ground rent or service charge on your behalf, in order to prevent forfeiture of lease. If we do agree to pay any such outstanding amount, this will be added to your mortgage. | £70 |
A detailed ‘Arrears and litigation tariff of charges’ will be sent to you once you’re in arrears and before litigation commences. You can get a copy of this from us at any time and we’ll send you a copy if it becomes appropriate.
If you’re struggling with your mortgage payments please speak to us. Or you could get some free and impartial advice from StepChange Debt Charity. They can be contacted on www.stepchange.org or 0800 138 1111
Ending your mortgage term
| Name of charge | What this charge is for | How much is the charge? |
| Redemption administration fee | Closing your mortgage account when your mortgage ends | £225 |
| Early repayment charge (ending your mortgage) | You may be charged this if you repay your mortgage in full before your special rate period ends (e.g. while you’re on a fixed interest rate). | Please contact us |
YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Santander International is the trading name of Santander Financial Services plc, Isle of Man Branch. Santander Financial Services plc is incorporated in England and Wales with number 2338548 and its registered office is 2 Triton Square, Regent’s Place, London NW1 3AN, United Kingdom. Santander Financial Services plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Santander Financial Services plc’s Financial Services Register number is 146003. Santander Financial Services plc, Isle of Man Branch has its principal place of business at 19-21 Prospect Hill, Douglas, Isle of Man IM1 1ET and is regulated by the Isle of Man Financial Services Authority. www.santanderinternational.co.uk
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