Booking fee (mortgage)
A booking fee is an up-front fee some lenders charge when you apply for or reserve a mortgage deal. It’s often separate from the main arrangement/product fee.
Last verified: 05/05/2026
Definition
A booking fee (sometimes called a reservation or application fee) is money you pay up-front to apply for or reserve a mortgage deal. Lenders don’t all use the same fee labels, so it’s important to check your mortgage illustration/offer to see exactly what you’re being charged.
Why it matters
- It’s a real up-front cost that can affect your “all-in” mortgage cost.
- Refundability depends on the lender’s terms for that fee.
Related terms
- Arrangement fee
- APRC