Bank of England Governor Sir Mervyn King to issue seventh inflation apology in a row

[lilelvis2000]

Walked past Halifax yesterday - they show 2.79% mortgage rate fixed for 2 years, but small print says you need to have 40% deposit

Yeah, we looked into lower offers but the "admin fee" was about 5 times what we would save over the term of the offer. So we're a bit stuck at the mo'. Only have about £30K left on it so we might just pay it off in a lump sum and be rid of that noose around our necks.

[AtW]

Yeah, we looked into lower offers but the "admin fee" was about 5 times what we would save over the term of the offer. So we're a bit stuck at the mo'. Only have about £30K left on it so we might just pay it off in a lump sum and be rid of that noose around our necks.

Oh, forgot to mention that - admin fee was £1300 or something plus £250 for something, wtf - this sort of money should buy month of admin work.

[lilelvis2000]

Oh, forgot to mention that - admin fee was £1300 or something plus £250 for something, wtf - this sort of money should buy month of admin work.

Its incredibly amazing how for a different product - one at a better rate - the admin fee is about double. Is there more work invloved. I mean, are there more keyboard keys to press, more photocopying, more e-mails and more post?

[AtW]

It sounds like the kind of product that will be target for lawsuits in the future just like ridiculous overdraft fees...

[MrRobin]

It's called an admin fee, but it's really a subsidy.

APR is there to compare like for like.

[PAH]

Like those 0% balance transfer offers on credit cards, with an arrangement fee of ~3%. So that's really a 3% balance transfer isn't it.

If inflation continues to rise will mortgage rates go up even if the BoE allows the base rate to remain as it is?

[DimPrawn]

I'm thinking of offering personal loans, nought percent interest for 5 years**

**100% admin fee applies.

[lilelvis2000]

I'm thinking of offering personal loans, nought percent interest for 5 years**

**100% admin fee applies.

Don't let it out. the banks might copy that and you'd get nothing.

[Old Greg]

I'm thinking of offering personal loans, nought percent interest for 5 years**

**100% admin fee applies.

I'd like a loan of -£1,000,000 please.

[DimPrawn]

Walked past Halifax yesterday - they show 2.79% mortgage rate fixed for 2 years, but small print says you need to have 40% deposit

Who needs a mortgage, when there's housing benefit?

Family on benefits move into £2 million home - Telegraph