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a quick paying the fee up front (or not) question.

worto03 · 2009-05-13 13:10:10

Hia, A&L have told me it's best to add the fee onto the mortgage as it makes no diference to my rates, last time I paid it up front instead. I'm thinking it's best to pay it up front, they have said that it makes no diference because if I pay it up front they don't recalculate the fact that I've paid it until the end of my…

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Turin_Turambar Posts: 78 Forumite

14 May 2009 at 8:03AM

Rick62 wrote: »

I would always advise adding the fee to the mortgage, because if you pay it upfront and for any reason the mortgage doesn't proceed then you will probably lose the fee.

If you then leave the fee added then you will be charged interest, however you could always pay it back immediately after completing.

Thanks for the advice, good to know when I apply for a mortgage

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a quick paying the fee up front (or not) question.

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