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.”
http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2218003/cml-hits-back-at-bbc-investigation-into-large-mortgage-fees?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=CML%20hits%20back%20at%20BBC%20investigation%20into%20%E2%80%98large%20mortgage%20fees%E2%80%99&utm_campaign=17%3A22%2017%20October%202012%20CML%20HITS%20BACK%20ON%20FEES&utm_source=Daily&utm_medium=Email
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
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