Tariff

Cost item	Fee
Borrowing fee*	ISK 60,000
Notification and payment fee (without a slip)	ISK 100
Notification and payment fee (each slip)	ISK 275
Documentation for a new bond	ISK 4,000
Documentation (e.g. terms changes, mortgage authorisation and a new bond in excess of one)	ISK 8,000
Mortgage Transfer	ISK 8,000
Statement of liens (certification of title)	ISK 1,200
Endorsement of a conditional mortgage authorisation/approval as a subsequent mortgagee	ISK 2,000
Payment ability evaluation (Creditinfo)**	For individuals: ISK 8,400 For married couples/cohabitants: ISK 16,700 Reopening of payment ability evaluation: ISK 3,950
Prepayment fee	ISK 0
Registration fee at the District Commissioner's office (each document)***	ISK 2,700
Delivery fee for official registration****	ISK 2,300

*When two bonds have to be prepared, the borrowing fee remains the same: ISK 60,000, if loans are taken out at the same time on the same property.
**The cost of a payment ability evaluation must be paid even if there is no loan granted.
***According to the District Commissioner’s tariff
****If LSR brings documents for official registration for the borrower.

Default charges

Cost item	Fee
Reminder	ISK 600
Final reminder	ISK 800
Collections letter	ISK 5,300 plus VAT
Call for payment	ISK 5,500 plus VAT
Serving costs for a call for payment (each document)	ISK 6,750 plus VAT
Requirement description	ISK 5,500 plus VAT
Foreclosure request*	ISK 5,500 plus VAT
Request for enforcement actions**	ISK 5,500 plus VAT

We encourage borrowers to familiarise themselves with solutions to payment difficulties or contact LSR to avoid default costs.

*The District Commissioner's fixed fee for foreclosure requests is ISK 40,000.

*The District Commissioner's fixed fee for enforcement actions requests is ISK 13,000.

Accrued costs due to attendance at enforcement actions must be paid, but never less than ISK 20,000 due to subsequent auctions.