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bricksandmorter

Moving Mortgages, A Problem?

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With the now overused moving mortgages idea firmly implanted in most peoples minds, does anyone think that banks and building societies could well be feeling the pinch of everyone keep moving their debts around the market. Over the years as the competition hots up, some of them are bound to suffer, they cannot all compete on price and packages surely.

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With the now overused moving mortgages idea firmly implanted in most peoples minds, does anyone think that banks and building societies could well be feeling the pinch of everyone keep moving their debts around the market. Over the years as the competition hots up, some of them are bound to suffer, they cannot all compete on price and packages surely.

Very few of them want new business, and thats not suprising given the wholesale rate of money and the lack of supply.

Most Banks are happy to just keep plodding along, and concentrate on more lucrative business such as personal loans.

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The novel concept of paying a fee to get a loan was invented to solve that problem. Churn is good for them; more churn, more fees.

the milk in the churn is fast turning to thick, viscous cheese

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  • 292 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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