Whilst much of the news relating to mortgage and housing affordability in the UK has been bleak for quite some time, there has been a little good news for consumers recently. (more…)
Posts Tagged ‘arrangement fees’
Drop in mortgage arrangement fees
Wednesday, September 9th, 2009
Higher arrangement fees in place for mortgage borrowers
Thursday, August 28th, 2008At a time when the financial climate is already extremely difficult, and many consumers are struggling financially, lenders have hikes up the arrangement fees on their mortgage by an astonishing level in some cases, leaving those that are looking to take out a mortgage or remortgage really struggling to cope with affordability. Recent reports show that some borrowers could now be facing mortgage arrangement fees of thousands of pounds. (more…)
Chancellor warns banks about arrangement fees on mortgages
Monday, August 18th, 2008UK banks have been warned by the Chancellor of the Exchequer, Alistair Darling, to stop ripping off consumers with regards to the arrangement fees on mortgage loans, after it was revealed that many lenders have hiked up the fees charges on mortgage loans, leaving many consumers to try and find thousands of pounds in order to be able to get a mortgage. The chancellor also said that the he will be discussing the issue of arrangement fees with the financial regulator, the Financial Services Authority, in order to try and work out what can be classed as a fair fee. (more…)
Loan Penalties and Common Charges
Saturday, January 6th, 2007Once you’ve made the decision to take out an unsecured personal loan shopping around for the best deal can seem confusing at times. There are a large number of companies offering different kinds of deals with different APR rates, some dependant on length of loan term, amount you wish to borrow and in some cases, the purpose of the loan which are all important considerations. (more…)