We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage fees climb to new high
Comments
-
Fees have existed for decades but actually during the boom most places were so keen for business they dropped them. In contrast to now when they're at an all-time high. So a substantial difference.Graham_Devon wrote: »Not only dropped them, they gave YOU cashback. The role was completely reversed in the boom.
At the height of the boom weren't lenders parcelling these up, securitising them, to raise funds to lend even more? So where did they make their money? Any margins must have been thin and short lived.
There must have been an overhead in processing each mortgage to a suitable standard to meet the criteria for onward "sale"."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
In fact from anecdotal experience on these boards it is those who do not keep a sensible level of savings and are thus not able to pay an upfront fee who end up taking the low fee but higher rate and thus more expensive overall deals.I think....0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards