Part commission salary & mortgage application

rach83

harvey115 wrote: »

The possible solution to not losing your arrangement fees is to add it to the mortgage amount. So in fact you will be using the fee amount within your deposit amount as per say. This way of the application is not successful you do not lose the arrangement fees.

Just double check whether you can add this fees to the mortgage or not.

Hope this helps.

Hi

Thanks for your message. I have explored this avenue and unfortunately at 90% LTV Abbey make you pay this fee upfront.

harvey115

rach83 wrote: »

Hi

Thanks for your message. I have explored this avenue and unfortunately at 90% LTV Abbey make you pay this fee upfront.

I just checked Santander, they are offering:

2 Years fix - 5.69% with £995 booking fee
5 Years fix - 5.49% with £99 booking fee

You do not like the five year fix?

I would go for the 5 year fix if given a choice from the above, the booking fee is also less in this instance.

rach83

My understanding is that whilst Abbey is owned by Santander their lending criteria differs to Abbey. I'm all for having a fixed deal for as long as possible!