Mortgage provider writing off the remaining balance of a mortgage

ACG

cheeryoleary said:

ACG said:

born_again said:

Profit on a mortgage is massive over it's term. So don't expect a write off over that amount. Cost to administer is next to none, due to computer system doing the work.

Is it? 
Dont forget banks have to "buy" the money in. Whether thats from money markets, governments, savers etc. Their profit margin gross is whatever their mark up on top is. 

From that they have to cover FCA fees, insurance, admin, advertising, offices and everything else. 

Thank you. It's that cost to cover FCA fees etc, exposure on the £150.5K I could potentially ask for tomorrow as a draw down, and the admin hence my question. The postage costs for monthly printed statements for the mortgage account and two current accounts I hold with the lender would cost £202.27 assuming a cost of 40p per statement and inflation is a constant 2% for the next 12.5 years.

And for an actuary to sit down and work out how much they can afford to write off will cost what? £50? £100? 

Then the fact they have offered it to you and so have to do the same for everyone else...

Im all for saving money, but this is just wasting time.