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Thursday, 25 October 2012

Santander’s mortgage market share falls 5.5%

If you read the artical what NOT is being said is that this lender has also been very strick on income

Santander UK, the second-largest mortgage lender in the UK, today revealed that its share of the mortgage market has contracted from 16.3% in 2011 to 10.8% this year, its quarterly management statement has revealed.


Thursday, 18 October 2012

CML hits back at BBC investigation into ‘large mortgage fees’

The Council of Mortgage Lenders (CML) responded today ahead of tonight’s BBC Watchdog programme looking at lenders “squeezing” homebuyers with “large mortgage arrangement fees.”


What is NOT being said is the fact that BANK FEES have climb exponentially over the last 5-7 years. I know that this is common practice and no lender is doing anything different so, the consumer is left with 2 choices 1) pay the fee or 2) don't take the mortgage and not move.  Not much of a choice