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Advice Please
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tobermory_2
Posts: 1 Newbie
I enquired about a buy to let mortgage for £95,000 and I have been told I will have to pay 1% of the mortgage ie £950 even though I have decided the mortgage offer is not for me. Is this normal practice of have I been ripped off.
0
Comments
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Did you actually apply for the mortgage, i.e fill in a mortgage application?"You were only supposed to blow the bl**dy doors off!!"0
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I enquired about a buy to let mortgage for £95,000 and I have been told I will have to pay 1% of the mortgage ie £950 even though I have decided the mortgage offer is not for me. Is this normal practice of have I been ripped off.
I very much doubt it.
Until you actually take the loan, you are simply just enquiring about the costs.
I've never heard of any 1% fee for an enquiry of a loan which has not been started.
You should check the small print though.
I read somewhere someone quoting "The big print giveth, the small print taketh away" which is very apt:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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