Friday, Nov 10, 2006
Mortgage fees could treble again
Firstrung: First time buyer mortgage fees set to hit £2,700 by 2016'
Moneyfacts.co.uk investigates the rapid growth in mortgage fees over the last 10 years, and predicts that we could see mortgage fees of £2,700 by 2016 if the trend continues at the same rate.
Posted by converted lurker @ 12:19 PM (155 views) Add Comment
7 Comments
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1. denzil said...
This type of article is no different than conjecture reported the other day and which upset contributors to this blog, but if because it is moneyfacts it gets no comment.
>> "Moneyfacts.co.uk investigates the rapid growth in mortgage fees over the last 10 years, and predicts that we could see mortgage fees of £2,700 by 2016 if the trend continues at the same rate."
My youngest daughter is 5 and she is 3ft 2 therefore by the time she is 15 she will be 9ft 6. Sorry moneyfacts but it's a struggle to take that kind of conjecture seriously.
2. Albertini Albertino said...
Similarly, I've had a cup of coffee in the last twenty minutes. If that "trend continues at the same rate", I'll be 100% coffee by the time Pete Tong starts my weekend.
3. Sam said...
Three people have added a comment on this article in one day, by 2016, there will be 10950 posts. Assuming current trends and interest remaining consistent.
4. Millard said...
Didn't really think it warranted much of a comment, its a rather arbitrary statement, ultimately it comes back to banks trying to make x% profit (from either the spread between base rate and headline figure or upfront fees) combine this with market forces, the state of the economy, interest rates, house prices etc....
5. millard said...
Didn't really think it warranted much of a comment, its a rather arbitrary statement, ultimately it comes back to banks trying to make x% profit (from either the spread between base rate and headline figure or upfront fees) combine this with market forces, the state of the economy, interest rates, house prices etc....
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