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fixed rate mortgage for 5 years

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Comments

  • Joe_Bloggs
    Joe_Bloggs Posts: 4,535 Forumite
    The reason that they don't negotiate or compete is that they do not fear competition for their business, they may even welcome a reduction in clients numbers like Northern Rock. I can understand nobody wanting the business in times of falling house prices.
    It would be nice if there was a way of measuring by what percentage an up front fee affected the interest rate charged.
    J_B.
  • feisty1
    feisty1 Posts: 1,487 Forumite
    Joe_Bloggs wrote: »
    The reason that they don't negotiate or compete is that they do not fear competition for their business, they may even welcome a reduction in clients numbers like Northern Rock. I can understand nobody wanting the business in times of falling house prices.
    It would be nice if there was a way of measuring by what percentage an up front fee affected the interest rate charged. J_B.

    Their is, I often offer clients quotes with or without fees, so they can compare.
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