Booking fee
Mortgages & secured lendingA fee paid to reserve a mortgage or loan deal.
Overview
Booking fees may be refundable or non-refundable.
They secure a rate for a limited time.
Why it matters
- It increases upfront costs.
- It can lock in a better rate.
- It affects deal comparisons.
FAQs
Is a booking fee refundable?
It depends on the lender and product.
Is booking fee the same as arrangement fee?
Not always. They can be separate charges.
Related terms
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