Homebuyers hit with up-front fees as Abbey changes rules for borrowers with small dep

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Homebuyers hit with up-front fees as Abbey changes rules for borrowers with small dep

11th June 2008, 18:41:PM

Abbey will no longer let borrowers with small deposits add the cost of arrangement fees to their mortgage.

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Tags: deposits, lenders, loans, mortgage
argentarius

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Joined: Jan 2008

Posts: 342
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#2

11th June 2008, 22:18:PM

Re: Homebuyers hit with up-front fees as Abbey changes rules for borrowers with small

I suppose it makes sense, what with increasing arrangement fees across the whole mortgage market. Lenders offering 95% loans could end up at 100% or even more, at the moment, in some cases if they allow fees (and HLC, if applicable) to be added to the loan.
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Homebuyers hit with up-front fees as Abbey changes rules for borrowers with small dep

Homebuyers hit with up-front fees as Abbey changes rules for borrowers with small dep

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