Reply to: Mortgage worries? HSBC will match the low rates....

[r0bly0ns]

Apart from the max loan is £250K

That rules me out then

Oracleslave, I think you'll find that other lenders will lend you more than £250k.

What's that? DimPrawn was talking about HSBC? How do you know if he didn't mention them specifically?

[oracleslave]

Erm, aren't arrangement fees paid up front and not added to the loan?

What have Abbey, Halifax etc got to do with HSBC charging a 5k arrangement fee?

You asked if arrangement fees were paid up front. I merely pointed out not for all lenders.

[r0bly0ns]

Abbey, Halifax etc allow you to add it on to the mortgage as Baggy said

Remind me again what the title of this thread is?

Oh yes it's " Mortgage worries? HSBC will match the low rates.... "


What have Abbey, Halifax etc got to do with HSBC charging a 5k arrangement fee?

[oracleslave]

Get in while the goings good.

http://www.contractoruk.com/news/003740.html

[oracleslave]

HSBC don't.

If they have an arrangement fee it's paid up front.

Abbey, Halifax etc allow you to add it on to the mortgage as Baggy said

[oracleslave]

Apart from the max loan is £250K

That rules me out then

[r0bly0ns]

Most people add it to the loan if the lenders will allow it, and many will

HSBC don't.

If they have an arrangement fee it's paid up front.

[hyperD]

A family member worked with olf Glenys for a year in BRX.... the stories I could telL!

Go on then!

[Bagpuss]

Erm, aren't arrangement fees paid up front and not added to the loan?

So there is no enterest on the arrangement fee.

Most people add it to the loan if the lenders will allow it, and many will

[r0bly0ns]

5k on a 25 year mortgage will attract over 4k in interest, assuming rates stay the same after the fixed period expires which is unlikely. So a nice little (at least) 9k earner for the bank.

It's only fixed for 2 years so what is the SVR? What is the redemption penalty? as usual the devil is in the detail

Erm, aren't arrangement fees paid up front and not added to the loan?

So there is no enterest on the arrangement fee.

[51st State]

Northerner

Welshman

A race we can both agree to dislike

[Bagpuss]

for a 4.59% loan it adds 0.8%. so that makes it 5.39%.

There aren't many others offering 5.39 so I don't think that this fee is really going to be a problem.

tim

5k on a 25 year mortgage will attract over 4k in interest, assuming rates stay the same after the fixed period expires which is unlikely. So a nice little (at least) 9k earner for the bank.

It's only fixed for 2 years so what is the SVR? What is the redemption penalty? as usual the devil is in the detail

[DimPrawn]

for a 4.59% loan it adds 0.8%. so that makes it 5.39%.

There aren't many others offering 5.39 so I don't think that this fee is really going to be a problem.

tim

Boomed! See I told you. Apart from the max loan is £250K and you must have at least 20% equity in you home to qualify.

Glad my mortgage is only £300, and that's how much I owe on it...

[tim123]

Smoke and mirrors, what's the APR with the arrangement fee?

for a 4.59% loan it adds 0.8%. so that makes it 5.39%.

There aren't many others offering 5.39 so I don't think that this fee is really going to be a problem.

tim

[HRH]

Ah Kinnock, now there's a little piggy with his brood of piglets firmly dropping all pretense of their socialist morality and stuffing and snuffling and slurping their little snouts in the Brussel's trough.

A family member worked with olf Glenys for a year in BRX.... the stories I could telL!