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.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
One account... basic shennanigans and increased interest...
weblabrador
Posts: 14 Forumite
Blimey... i've just been informed by one account that my interest rate is going up by 0.25%, coupled with the one accounts refusal to pass on a 0.25% reduction recently, is now leaving me with my rate 0.5% higher... has anyone else seen rises like this with another borrower, or should i try and move my mortgage...?
0
Comments
-
hi,
im with the one account and ditto the bleeding interest rise. feeling hard done by. i googled interest rises, and the other lenders who have raised rates are abbey on their buy to let mortgage, and bradford and bingleys buy to lets. i know RBS have asked their shareholders to 'prop' them up a bit. all one account say are 'we' are better off as 'we' can pay less when we need to etc, etc.... not when your already at the limit!0 -
i'm absolutely fizzing... this works out at about £500 extra over the year, just to prop up RBS...0
-
They are cutting our proc fee's from 0.6% to 0.35% from 14th July !I am a Mortgage Adviser You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
-
as it says in my avatar thingie, i'm a newbie... what are proc fees...? some kind of introductory thing? i'm only guessing as it's going down not up..(!)0
-
weblabrador wrote: »as it says in my avatar thingie, i'm a newbie... what are proc fees...? some kind of introductory thing? i'm only guessing as it's going down not up..(!)
Proc fees = procuration fees. This is the commission the mortgage lender pays a broker for giving them the business.0 -
Sorry, I am a mortgage advisor, proc fee is what we get paid for introducing the business to them in the first place
I am a Mortgage Adviser You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
thanks for both answers, i'll need to ask my advisor how much he gets when i change my mortgage... only kidding... is it worth looking around for another deal? i don't think my mortgage (just over £100000) is big enough to justify the the fees that are being charged...0
-
weblabrador wrote: »thanks for both answers, i'll need to ask my advisor how much he gets when i change my mortgage... only kidding... .
He should be automatically telling you anyhow .. if he doesn't- find a new oneAny posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
i'll get on the phone...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards