Jump to content
House Price Crash Forum
Sign in to follow this  
Nationalist

The Next Big Scandal

Recommended Posts

I haven't seen this mooted in the press yet, but is this the next big thing the banks are going to get beat up over? Some fees are vastly inflated compared to a few years back; £thousands for a mortgage! Does it really cost them that much to "arrange" a mortgage?

This could be the new bank changes. :lol:

Share this post


Link to post
Share on other sites
I haven't seen this mooted in the press yet, but is this the next big thing the banks are going to get beat up over? Some fees are vastly inflated compared to a few years back; £thousands for a mortgage! Does it really cost them that much to "arrange" a mortgage?

This could be the new bank changes. :lol:

What a joke. Consumers do have a choice you know, and there are plenty of mortgages out there with or without arrangement fees. Arrangement fees are high because they are simply subsidizing the headline rate. Higher (fixed not percentage of the loan) arrangement fee deals tend to be better for those with larger mortgages, and low fee deals tend to be better for those with smaller mortgages.

Share this post


Link to post
Share on other sites
What a joke. Consumers do have a choice you know...

Consumers knew about bank charges as well, but they are still suing to get their money back - and winning! ;)

Share this post


Link to post
Share on other sites
Consumers knew about bank charges as well, but they are still suing to get their money back - and winning! ;)

The difference is that ALL banks applied similar high charges for the same thing. There wasn't a choice. In the mortgage market there is. The bigger scandal of a similar nature in the mortgage market is the exit fee (not the early repayment charge).

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 356 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.