Fees and costs

Different fees and costs will apply depending on the type of purchase you will be making. All of our fees are shown below.

The following fees will apply no matter what type of purchase you will be making.


Additional costs will apply depending on the purchase type.


Our fees

Anglican Financial Care's legal fees

It is the responsibility of the applicant(s) to cover Anglican Financial Care’s legal fees. This fee covers the cost of preparing the documentation, doing due diligence and registering the mortgage.

$575 +GST for individuals
$1000 +GST for Trusts and Companies

Further advance fees

This fee is charged if you apply for and are approved for a further advance on your current AFC mortgage. This fee covers document production.

$100 (only charged on approval)

Interest adjustment charge

$100 fee + Interest Adjustment Charge if applicable

An interest adjustment charge may be incurred if you choose to make a lump sum payment or restructure during your fixed interest rate period.

This charge is calculated based on current interest rates, how long the loan has left within the fixed term period, and whether Anglican Financial Care will suffer a loss.

Lump sum repayment administration fee

This fee is charged when you make a part or full repayment on a fixed rate home loan.

The fee covers the administrative costs. This fee is in addition to an interest adjustment charge which may be payable.

$50 per payment

Breaking fixed term administration fee

This fee is charged when you choose to break your fixed interest rate term.

The fee covers the administrative costs. This fee is in addition to an interest adjustment charge which may be payable.

$100 + (Loss Adjustment Charges if applicable)

New mortgage application fee


Bridging finance fee (short term lending under 12 months)


Bridging finance and short term lending under 12 months must be on the floating rate and may not choose a fixed rate.

Early repayment fee

Mortgages which are repaid within 12 months are classified as short-term lending. This fee applies to mortgages not on the floating rate at the time of repayment.

$100 + Loss Adjustment Charge (Loss Adjustment Charge is calculated by comparing the difference between the chosen rate and the floating rate)

Discharge documentation fee

$50 for mortgages with an existing balance
No charge for mortgages with a zero balance

Default notice requiring legal action

$100 + AFC legal costs

Demand payment

If AFC is required to make a rates payment or insurance premium. Mortgage holder is responsible for repaying amount paid by AFC on their behalf.


Alteration of legal terms

If the legal terms of the mortgage need to be altered then AFC will employ the services of their lawyer to make the changes.

AFC legal costs

Costs of which you should be aware

House insurance

You’re required to have full replacement insurance on the property Anglican Financial Care holds a mortgage over. Anglican Financial Care should be shown to have a financial interest on the policy.

The payment of the insurance premiums is your responsibility. 

We recommend using a minimum figure of $3,000 per square metre to calculate the minimum replacement insurance amount. This is the current average cost per square metre to rebuild an average house. 

E.g. You intend to purchase a property with 124 square metres of living space. There is an additional 50 square metres of decks and garage space.

Total metreage = 174 square metres  x  $3,000 per sq/m = Suggested minimum replacement cover of $522,000.

You should review your replacement coverage regularly.


You’re required to keep up to date your rates payments on any property which is mortgaged to Anglican Financial Care. Your local authority can provide details of the rates.


You are required to keep all buildings and other improvements on the land covered by a loan held by Anglican Financial Care, in good repair and condition.


Registered valuer's report

If you’re required to obtain a registered valuer’s report in order to support the requested lending, the report is required to be completed by a registered valuer and is to comply in all respects with the Residential Valuation Standing Instructions.

The report shall be addressed to Anglican Financial Care. 

The costs of such a report are the responsibility of the borrower. Registered valuers can provide details of the costs involved.


Effective 1 July 2019. Lending fees are subject to change without notice.