Wednesday, June 25, 2008

Back door rate hike

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 (892 views)
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4 thoughts on “Back door rate hike

  • Sold My Soul To The Never Never Never says:

    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!

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  • gardeniadotnet says:

    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.

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  • 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.

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  • gardeniadotnet says:

    3. uncle tom said…
    > Not a compulsory package…

    My point exactly.

    G.

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