Monday, Oct 30, 2006

Mortgage Fees Rocket

Independent: Arrangement Fees: Get the sums right, and it can pay to spend 1,999 on a mortgage

The cheapest home loan rates are carrying ever-bigger price tags - in the shape of vertiginous arrangement fees. For example, a competitive two-year fixed-rate deal from Abbey, with interest charged at 4.45 per cent, now has a 1,999 fee; ditto Birmingham Midshires' two-year fix at 4.49 per cent.

Posted by uncle chris @ 10:35 AM (558 views)
Add Comment
Report Article


1. the bald man said...

I do not understand why arrangement fees are good for BTL? Surely what matters is the overall cost of borrowing.
I suppose what they mean is that the arrangement fee can be rolled up into the capital advanced. What a great deal you can then pay interest on the arrangement fee!

Monday, October 30, 2006 10:43AM Report Comment

2. kpjcomp said...

IOW: It's 5.2% not 4.49%.. And that's without taking into account of putting 2000 into savings.

Monday, October 30, 2006 12:18PM Report Comment

3. European-bear said...

Its like buying a Ryanair ticket...seems to be cheap until you add on the taxes and fees

Monday, October 30, 2006 02:53PM Report Comment

4. Nohpc said...

Money grabbing barstewards is what they are. 1999 is a ridiculous arrangement fee. Probably takes less than an hour for them to arrange it with a simple computer credit check. I think this fee should be waived for first time buyers. I am looking at switching from one A and L mortgage to another and they still charge 1,500pounds for probably 5 minutes work grrrrr!!!

Monday, October 30, 2006 11:05PM Report Comment

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies