Investment News – Mortgage companies are making more profit than ever

Lenders still cutting the fat

It’s an unfortunate truth but it seems that investment news on mortgage companies are making more money than ever in the recession.

How much? Remember that they’re borrowing at around 1.5% and charging around 6%-6.79% with the additional 3% arrangement fee on top. It doesn’t take a rocket scientist to see just how much money they are making at our expense. It’s just legal extortion. Unacceptable but unfortunately there is not a lot we can do about it.

So, if you wish to take advantage of a good deal, you’re just going to have to pay the premium and like it. Disappointing but the unfortunate truth.

To me, it just makes off plan look all the better…

Live with passion,
Brett Alegre-Wood

About the Author

Brett has over 20 years experience in all facets of property, he owns various companies centred around property and is the driving force behind the education and training at Gladfish. His companies have sold over £850 million in UK and London property and he manages over 1200 properties through his estate agency chain. Today he shares his time between UK, Australia and Singapore. He is married to Arlene and together they have 4 kids.