What the broker fee adds
A broker fee is usually added to the loan, so you pay interest on it for the whole term. On a £30,000 loan over 10 years at 8% with a £595 lender fee, the loan with no broker fee is £30,595.00 and costs £371.20 a month. Add a £2,400 broker fee and the loan becomes £32,995.00 and costs £400.32 a month: £29.12 more each month.
Over the whole loan that is £3,494.23 more to repay in total. Only £2,400 of that is the fee itself; the other £1,094.23 is interest on the fee. The APRC rises from 8.79% to 10.73%.
A fixed rate, then a later rate
Many offers fix the rate for five years and then move to a later rate. Ocean Finance publishes an example of £34,000 over 10 years with a £695 lender fee and a £4,080 broker fee, at 5.89% fixed for five years and then 10%. With that broker fee the payment is £428.34 a month, then £472.00. With no broker fee it is £383.27, then £422.34, and the whole loan costs £5,684.20 less.
What 'no broker fee' does not mean
A loan with no broker fee still has the lender's own costs: a product or arrangement fee, valuation costs and sometimes an exit fee. Enter them in the lender fee and exit fee fields so the comparison is fair. The FCA's 2026 review of second charge mortgages found intermediary fees typically represented 2.5% to 15% of the loan, with most between 10% and 12.5%, in addition to the lender's fees, and that firms do not routinely publish their fees. Ask for the fee in pounds before you apply.
For the full cost with budget and other terms, use the secured loan calculator.
Combined loan to value
The calculator also shows the combined loan to value, the first mortgage plus the new loan (not the fees) as a share of the value. With a £400,000 home, a £150,000 mortgage and the £30,000 loan it is 45%.
To see how much more you could borrow at a lender's limit, use the secured loan LTV calculator.
What this calculator leaves out
It assumes equal monthly payments with fees added to the loan, one change of rate at most, and no early repayment charge. The lender decides the rate and whether you qualify. Your home may be repossessed if you do not keep up repayments on a loan secured on it.
Inputs for the secured loan no broker fee calculator
Amount to borrow
The loan you receive, before any fees added to it.
Loan term
How many years you will take to repay.
Interest rate
The yearly rate on your offer, charged monthly at one twelfth. The 8% shown is only an example.
Fixed rate period
Years at the first rate before the lender's later rate applies. Enter zero if the rate never changes.
Interest rate after the fixed period
The rate that applies once the fixed period ends.
Broker fee
The fee your broker quotes in pounds. It has no default: enter the amount from your quote. Zero shows only the no-fee result.
Lender fee
The lender's product or arrangement fee in pounds. It is included in both columns.
Exit fee
A fee paid when the loan ends, if your offer has one.
Property value
What your home is worth, used for the combined loan to value.
Mortgage balance
What you still owe on your first mortgage.
CALCULATOR QUESTIONS
Secured loan no broker fee calculator questions
How much does a broker fee add to a secured loan?
On the example it adds £29.12 a month and £3,494.23 over 10 years, because the fee is added to the loan and earns interest.
Can I get a secured loan with no broker fee?
Some lenders deal with you directly, so no broker is paid. You still pay the lender's own fees. Enter your quote to compare.
Is the broker fee added to the loan?
Usually. It then accrues interest and raises the APRC.
Does a loan with no broker fee have no fees?
No. A lender fee, valuation costs and an exit fee can still apply.
What is the typical broker fee?
The FCA's 2026 review found intermediary fees typically represented 2.5% to 15% of the loan, with the majority between 10% and 12.5%. Firms set their own, so this page has no default.
What is the APRC?
The annual percentage rate of charge is the effective yearly rate on the cash you receive, including fees. It is 8.79% without the broker fee and 10.73% with it on the example.