Glossary - Annual Fees

Annual Fees means a fee paid once a year.
This is a term that describes a charge that lenders use to cover the setting up and running costs that finance products generate. Most finance products come with a fee, depending on the type of mortgage or financial product the fee can vary from lender to lender.

Example: Credit Cards
Clients are charged a fee by the UK Credit Card issuer to manage accounts, to lend finance, receive payments and to produce the credit itself. To recoup their costs they charge a fee to their clients.

Useful Tip
By shopping around on the web for UK credit cards the consumer can find out what annual fees are charged and can then save money by choosing a low rate credit card. Make sure that all terms and conditions are read and fully understood and charges and fees come within consumer’s budget.

At PeopleFinance.co.uk we can help you find an Online UK Mortgage, Secured Loan or Tenant Loan, an independent financial processor will aim to get you the best deal to match your credit circumstances. Make it a stress free process by letting us help.

Enquire Online for a FREE Loan Quote - UK LOAN ENQUIRY FORM
Enquire Online for a FREE Mortgage Quote - UK MORTGAGE ENQUIRY FORM

back to Glossary Index

Enquire Online Today and receive a Personal Competitive Quote

The Enquiry Forms are FREE, Easy to use and you are under NO Obligation to accept the quote you receive.

UK Homeowner and Tenants - LOAN ENQUIRY FORM
UK Mortgage and Remortgage - MORTGAGE ENQUIRY FORM