Mortgage fees

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M
Marsh
73 Posts
2 Thanks
I have been looking into a buy to let mortgage and have been accepted in principle for a mortgage on BOE base + 0.89% lifetime tracker. It was arranged with Mortgages for Business and as I am a member of RLA, there are no arrangement fees. However there is a 1.5% setup fee which they add to the mortgage :( This is nearly 3000 for what seems to me to be the opportunity to take an already huge ammount of interest off me for the coming years.

If there is any advise on offer I would greatly appreciate finding out if there are companies out there without this unreasonable cost.

10/11/2007 00:00

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