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Egg Mortgages make good sense for your money as you'll see from the details below. To find out more, select a topic from the list.
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You can call us on 08456 000 290 and we'll take the information over the phone - we're here:
Monday to Thursday: 10am - 9pm
Friday: 10am - 5pm
Saturday: 10am - 4pm
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There are just six simple steps to taking out an Egg Mortgage:
Step 1: Try out our mortgage calculator
See what each of our mortgages mean for you and how you can benefit from each of our flexible features.
Step 2: We'll need some information from you
Just the usual sort of stuff - about you, your job and income, your finances and your home.
Step 3: We'll look at your information and give you an initial decision
We call this bit 'agreement in principle' - it's an early indication of whether we're likely to be able to lend you the amount you're after.
Step 4: We'll arrange a valuation of your property
This is just to check it's suitable for mortgage purposes.
Step 5: We'll send you a formal mortgage offer
This confirms we'll be able to lend you the money.
Step 6: We'll officially open your mortgage
Commonly called 'completion', this is when we'll release the money to pay off your existing mortgage or allow you to buy your new property.
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These are the fees you'll need to pay. With the exception of your legal and valuation fees, they'll all be added to your mortgage balance.
Once you've paid for a valuation, should you decide not to go ahead with the mortgage the fee won't be refunded.
If you're switching your mortgage to us (remortgaging):
Our fees are as follows:
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Valuation fee as per the table below.
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Money transmission fee of £25.
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Mortgage release fee of £70 if you decide to leave us.
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For our tracker mortgage only, you'll also need to cover the cost of any legal fees.
If you're buying a property:
Our fees are as follows:
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Valuation fee as per the table below.
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Money transmission fee of £25.
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Mortgage release fee of £70 if you decide to leave us.
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You'll also need to cover the cost of your legal, estate agent, stamp duty and removal fees.
At Egg there is no 'higher lending charge' (this can be up to 5% of your total borrowing).
Egg's valuation fee scales (initial valuation is free).
| property value up to | standard valuation | | £100,000 | £200 | | £200,000 | £250 | | £300,000 | £300 | | £400,000 | £350 | | £500,000 | £450 | | £750,000 | £500 | | £1,000,000 | £600 | | £2,000,000 | £700 | | £3,000,000 | £1,500 | | £4,000,000 | £1,750 | | £5,000,000 | £2,000 | | £6,000,000 | £2,500 | | £8,000,000 | £3,500 | | £10,000,000 | £4,750 |
See our
full list of charges.
For your own peace of mind, you may want to have a more detailed structural survey of the property carried out - like a home buyer's report or a full building survey. This is because the valuation survey deals mainly with the valuation of the property for mortgage purposes. A full building survey will give you important information about the structure and condition of the home you are looking to buy. We can help you arrange this.
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It depends on whether you are buying a home or switching your current mortgage to us.
As a guide, we'll aim to get your mortgage up-and-running in about six weeks. If we get information back quickly, it can be a little shorter. Of course, it could take longer if there are things that slow the process down - like a housing chain.
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You don't need to take out insurance with Egg as a condition of your mortgage, but you do need to be sure you're fully covered for buildings insurance before exchanging contracts if you're buying a new home, or before completion if you're remortgaging. If you need to get covered you can get an online
home insurance quote now. Make sure you have enough life insurance to cover your borrowing at all times if it is appropriate for you.
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Currently, we don't offer self-certification mortgages. So we'll need to see some supporting documents to do the necessary identification and credit checks. The information we need depends on how much you're borrowing and whether you're employed or self-employed. We'll let you know the extra information we're after as part of your application.
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Currently, we don't offer 'buy-to-let' mortgages. All Egg Mortgages are for residential properties occupied by their owner.
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It's a document that all mortgage lenders have to produce for every customer. A Key Facts Illustration (KFI) outlines important information about the mortgage you're interested in. It's important to always read and understand the KFI before you apply for a mortgage.
Before you apply for an Egg Mortgage, we'll always provide you with a KFI about that mortgage deal.
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Egg Home > Bank > Mortgages > Tracker > More details > 
