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Nervous?
Comments
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Just asked the mortgage advisor;
"I just picked up on the word 'current' describing the admin fee. Who decides if it goes up, and is there any limit on how much it goes up?
£495 is apparently quite steep for an arrangement fee. Is this primarily due to the fact we are receiving a 100% mortgage????
If you could just clarify these points and get back to me ASAP I would be grateful."
He replied:
All lenders now charge high application fees and the £495 is a fixed fee.It is not necessarily down to the LTV that detemines the level of the fee,it is how the lender perceives how good the rate is that they are offering compared to the marketplace and charge accordingly.0
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