Wednesday, Jun 25, 2008
Back door rate hike
The Times: Halifax hikes mortgage fees
Britain's biggest lender causes more pain for borrowers by adding to the cost of setting up a homeloan
Posted by matt_the_hat @ 07:40 PM (493 views) Add Comment
4 Comments
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1. Sold My Soul To The Never Never Never said...
The HALIFAX - desperately fleecing the sheeple and trying to pull the wool over their eyes with their reasoning behind this move. Never mind - just add it on to the mortgage with the arrangement fee and all the other fees and pay it over 25 years and you'll have paid 3 x more at the end of the mortgage term.
GET A LITTLE XTRA HELP FROM THE HALIFAX - I think not!
2. gardeniadotnet said...
I've had a back door rate hike (if that's what they call it these days) and I found it most uncomfortable.
The chafing had to be seen to be believed.
G.
3. uncle tom said...
More fuel for my argument that there should be a national standard mortgage; free of redemption fees and very limited set-up fees (amongst other things)
Not a compulsory package, but one that attracts a modest tax break.
4. gardeniadotnet said...
3. uncle tom said...
> Not a compulsory package...
My point exactly.
G.