Fees & Charges
Set-up Fee
€1,500 applies to new loans. This fee covers the cost of an independent property valuation (€225) and a contribution to the costs incurred by Spry Finance in arranging your loan (€1,275).
You can choose to pay the set-up fee in advance OR the fee can be included in your Lifetime Mortgage and deducted from the amount being borrowed.
We recommend you pay this fee upfront to avoid the fee increasing in value over time as indicated in Table 2.
Loan Variation Fee
€500 applicable to any variations arising during the life of the loan, e.g. adding or removing a borrower.
You will be liable for any 3rd party costs incurred by Spry Finance when any variation is required during the loan (e.g. adding or removing a borrower). The 3rd party costs will be calculated at the time of the variation and we will provide you with details of these costs at the time.
Early Repayment Charge (ERC)
Where reference interest rates are lower when you are making an early payment than when the loan was taken out, an Early Repayment Charge (ERC) may apply. The ERC is the difference between the benchmark rate at the time of early repayment versus the benchmark rate at the time the loan is issued x number of years remaining for calculation purposes x loan balance.
Full details of the ERC are provided in the Spry Finance Customer Presentation, including details of exemptions to the ERC.
Loan Redemption Fee
€100 payable upon full repayment of the loan.
This fee contributes to the costs arising when discharging a loan e.g. legal or registration fees incurred by Spry Finance in redeeming the mortgage.
Legal Fees
In addition to fees payable to Spry Finance, you will be responsible for agreeing and paying any fees your own Solicitor will charge for providing advice to you.
Home Insurance Fees
You will be required to maintain home insurance on the secured property at all times. You will be responsible for agreeing and paying such fees to your home insurance provider. In the event that home insurance is not maintained, Spry Finance may arrange this for you and charge it to your loan account.
Commissions Paid by Spry Finance
Spry Finance Customer Consultant
Your Customer Consultant will receive a once off commission of €200 for conducting the Customer Meeting and Customer Fact Find.
Your Customer Consultant will receive an additional €500 when your loan is drawn down.
Customer Consultant /Referral Broker
If your loan was referred directly by a Spry Finance Customer Consultant or a Referral Broker, an additional fixed commission of €1,000 will be paid to your Customer Consultant or Referral Broker when your loan is drawn down.
Spry Partner Broker
If your loan application is processed by a Spry Partner Broker, a once off fixed commission of €1,700 will be paid to your Spry Partner Broker when your loan is drawn down.
These fixed payments, will be paid by Spry Finance and are irrespective of the amount you borrow.
Effective 24th March 2026