Total Charge For Credit

A way of expressing the total true cost to the borrower of his loan is called 'Total charge for credit'. the total charges include all interest payable, arrangement, redemption, administrative fees, valuation, solicitors' fees, MIG premiums, other insurance premiums if there is no choice of insurer, and any other charges that relate directly to the mortgage loan.

What to do if you need more help

If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.

We hope you found this information useful.

return to previous menu…

Sponsors Advertising

Copyright © Steve Gears Associates. All rights reserved. No portion of this site may be reproduced without written permission. All Trademarks are freely acknowledged.The information on this site is based on UK data unless otherwise indicated. Non-UK visitors should check with experts within their own legal jurisdiction before relying on information presented here.

Website Terms of Use |  Other Resources |  Site Map