Lenders continually withdrawing low rate mortgage products

John_

blue_max_3 said:

MovingForwards said:

@blue_max_3 lenders do stipulate minimum mortgage loans in their criteria. It still costs them money to process applications eg pay wages / overheads etc.

They used to manage just fine before they decided to do this. Like we'll all end up paying for current accounts once the banks think they can get away with it. Then the cartel all join in and it becomes the norm.

If you don’t think it’s worth what you’ll pay, then stop using the service that they provide.

Find an employer who’ll pay in cash, use cash in shops, to pay bills, etc.

Personally I think that the value I get from banks is massive, and can’t believe how little it costs. They have also lent me quite a lot of money at under 1.5%, a rqte that really hardly covers their risks.

blue_max_3

John_ said:

blue_max_3 said:

MovingForwards said:

@blue_max_3 lenders do stipulate minimum mortgage loans in their criteria. It still costs them money to process applications eg pay wages / overheads etc.

They used to manage just fine before they decided to do this. Like we'll all end up paying for current accounts once the banks think they can get away with it. Then the cartel all join in and it becomes the norm.

If you don’t think it’s worth what you’ll pay, then stop using the service that they provide.

Find an employer who’ll pay in cash, use cash in shops, to pay bills, etc.

Personally I think that the value I get from banks is massive, and can’t believe how little it costs. They have also lent me quite a lot of money at under 1.5%, a rqte that really hardly covers their risks.

I'm more than happy for you to pay more to cover my costs. Then we're both happy. Win, win.