Wednesday, April 04, 2007
Mortgage Lenders Just as Irritating As Ever
I'm in the process of applying for a new buy to let loan - and I see that lenders have not really upped their game all that much from when I first wrote "Successful Property Letting"
Incredibly, whilst they now seem to allow you to arrange your own survey - and thus make a big saving on going through them - they now charge a fee for "re-typing" it. So, the benefits of E trading and have not yet fully filtered through. Eithe that or they are just using it as an opportunity to charge one of their beloved fees. Oh dear!
And whilst I have been a customer of one lender for 8 years with 3 buy to lets with them - all on low loan to values- that still cuts no ice in terms of getting a better mortgage deal.
I would have to have 4 apparently to get access to the better deals.
And boy, do they love their "arrangement" fees, these days.
So, I can see why mortgage brokers do so well - because today many have good rates - as good as the lenders - and they have much more helpful staff plus they actually answer their phones in a reasonable time.
And no, I've not used the fact that I write about buy to let property to pull any strings with them here.
Back to main site www.lettingfocus.com
Incredibly, whilst they now seem to allow you to arrange your own survey - and thus make a big saving on going through them - they now charge a fee for "re-typing" it. So, the benefits of E trading and have not yet fully filtered through. Eithe that or they are just using it as an opportunity to charge one of their beloved fees. Oh dear!
And whilst I have been a customer of one lender for 8 years with 3 buy to lets with them - all on low loan to values- that still cuts no ice in terms of getting a better mortgage deal.
I would have to have 4 apparently to get access to the better deals.
And boy, do they love their "arrangement" fees, these days.
So, I can see why mortgage brokers do so well - because today many have good rates - as good as the lenders - and they have much more helpful staff plus they actually answer their phones in a reasonable time.
And no, I've not used the fact that I write about buy to let property to pull any strings with them here.
Back to main site www.lettingfocus.com
