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100% mortgage
continualdiamond
Posts: 2,830 Forumite
I've been reading a few posts on here regarding them and the higher lending charge.
I was getting the feeling, all mortgages added this charge, except i have found one that doesn't. Yorkshire building society on the mortgage i selected for an example came back with incentives being:
£400 cash back on completion
and we will pay the higher lending charge of £2,460
So is it rare to find this?
I was getting the feeling, all mortgages added this charge, except i have found one that doesn't. Yorkshire building society on the mortgage i selected for an example came back with incentives being:
£400 cash back on completion
and we will pay the higher lending charge of £2,460
So is it rare to find this?
Mummy to two girls: October 2013 and February 2016
0
Comments
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In a word, no. Plenty will do it.I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I'm sure HSBC didn't with me, and mine was 100%.
I paid them a booking fee that was standard to all fixed rate mortgages*. Then a £30 completion fee. Plus survey fee obviously.
What is this HLC? From some posts I've got the impression it's part of the mortgage repayments itself, and wondered if it was something to do with the interest structure (and therefore I was paying it). Or would it have been a flat charge when I got the mortgage?
Just curious as like I said, no mention of it at HSBC and I'm interested in what it is exactly.
* Though they do now have higher booking fees if your LTV is >95%, which wasn't the case when I took out my mortgage.0
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