fixed rate mortgage for 5 years

feisty1

hostman wrote: »

Then your negotiation skills need homing.

Arrangement Fees are non-negotiateable regardless of lender. Lenders offer choices, for clients who don't want to pay fees they will pay a slightly higher rate......BUT no bartering!!:rotfl:

hostman

feisty1 wrote: »

Arrangement Fees are non-negotiateable regardless of lender. Lenders offer choices, for clients who don't want to pay fees they will pay a slightly higher rate......BUT no bartering!!:rotfl:

No price is non-negotiable, even prices set by big bad banks.

Ian_Griffiths_Halifax

Joe_Bloggs wrote: »

@Ian Griffiths Halifax
Oh No your not!
J_B (Panto season mode)

Ooooh Yes I am!

I once got a Rolix watch off a Looky Looky man in Tenerife for £3. He started at £500. THAT'S negotiation for you!

Ian_Griffiths_Halifax

hostman wrote: »

No price is non-negotiable, even prices set by big bad banks.

Can you provide us with any evidence of a lender giving somebody a deal at a lower arrangement fee, just because they 'bartered'?

hostman

Ian_Griffiths_Halifax wrote: »

Can you provide us with any evidence of a lender giving somebody a deal at a lower arrangement fee, just because they 'bartered'?

No, unfortunately I cannot point you to a golden URL proving my claims. But somewhereeeeeeee, oveeeeer the raaaainbooow ... is Mr I've-Received-A-Better -Deal-Than-Advertised from A Bank.

Ian_Griffiths_Halifax

hostman wrote: »

No, unfortunately I cannot point you to a golden URL proving my claims. But somewhereeeeeeee, oveeeeer the raaaainbooow ... is Mr I've-Received-A-Better -Deal-Than-Advertised from A Bank.

I've had better deals than those advertised, but that's usually the rate, NOT the Arrangement Fee.

Joe_Bloggs

Barter is not illegal and it can be beneficial to both parties.
When two parties cannot negotiate a financial agreement that is beneficial to both parties then it is termed an impass. Perhaps negotiations should be allowed. With professional negotiators !
It is obvious that fixed fees hurts a borrower that borrows less. You should be able to accept the terms ,leave the deal on the table, or negotiate the terms.
J_B.

sarahs999

I was just offered 4.82 for seven years by C&G. I thought it was a great offer -have actually opted to go on their tracker instead which is at 4.09, as I think the low rates will last a while. There's no fee to go back onto a fixed with them at any point, so as soon as rates look like they're going up I'll be straight back with a long term fix. Basically I think anyting under 5% in the long term is going to be a winner.

swanny65

Ian_Griffiths_Halifax wrote: »

:rotfl:

In 19 years I've never known 1 lender negotiate on the arrangement fee.

The OP might be able to get an alternative product without a fee if that's what you mean, but it will come at a cost somewhere else, such as a higher interest rate.

I have to agree. We remortgaged a couple of years ago and the Norwich & Peterborough, where we had had a 5 year fix, who wanted a £399 fee for a new 5 year fix. They refused to budge even though we had been overpaying at £100.00 pcm. Told them to poke it and went to Britannia instead.........

Ian_Griffiths_Halifax

Joe_Bloggs wrote: »

Barter is not illegal and it can be beneficial to both parties.
When two parties cannot negotiate a financial agreement that is beneficial to both parties then it is termed an impass. Perhaps negotiations should be allowed. With professional negotiators !
It is obvious that fixed fees hurts a borrower that borrows less. You should be able to accept the terms ,leave the deal on the table, or negotiate the terms.
J_B.

I agree. It's not illegal, it's just that they don't. They have plenty of people wanting their money without having to renegotiate each and every deal to accommodate somebody who wants to knock a few quid off their Arrangement Fee.

I've often thought about offering my own services on a Barter System. There used to be one close to my offices, in Hebden Bridge. But I think it's shut down.