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Mortgage fees soar 600% in 2 years

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  • Mortgage fees soar 600% in 2 years

    I blinked when I saw this. Banks and building societies have moved up a notch from mere naked profiteering to full blown extortion.

    The Halifax is now charging an eye-watering £3000 for it's mortgage 'arrangement fee'.

    Mortgage fees soar 600% in two years | This is Money

  • #2
    What is it about banks and building societies that gives them the right to just pluck a figure out of the air for any service they provide?

    I have had notice of yet another interest rate rise today at 0.25% above the increase to the base rate which means the gap between the base rate and my mortgage is widening constantly.

    Comment


    • #3
      Well I think thats the problem - they do have the right - and thats because there is no real reguation for what is a huge industry. TV phone-in shows are more regulated than the banks.

      They're out of control, like unsupervised children in a sweat shop.

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      • #4
        Trouble is, you can't even vote with your feet, cos there is no alternative, so we is stuck with them!

        Comment

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