Mortgage companies are making more profit than ever

Brett Alegre-Wood
July 13, 2009

Lenders on mortgage companies 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…

Sick of your Property agent not responding, or truly managing the changes in the market going on right now then give us a call 01522503717 or www.ezytrac.co.uk.

Live with passion,
Brett Alegre-Wood

One Great Property Idea
Masterclass

How Property Investors with Little Time Can Invest in New Build and Off Plan Property using a Regeneration Strategy and Where Exactly to Invest in 2024.

THIS WEDNESDAY @

1230pm London GMT

Masterclass Begins

TUESDAY

1230pm GMT London


Tags


Our Capital Growth Picks - Regeneration Hotspots & Developments

We Give You First Access & Negotiate Discounts on london and UK Property Development in the latest Regeneration Hotspots.

London

Manchester

Birmingham

Watford

Plumstead

Our Cash Flow Picks - High Yielding BTL, HMO & Assisted Living

Access Fully Managed High Yielding Property In UK Minor Cities.

Derby

Liverpool

Sheffield

Leeds

London

London

Manchester

Birmingham

Watford

Current Developments

View Available Property

Related Property Articles & News

Navigating Tenant Rent Arrears in UK Property Investment: Legalities and Best Practices

Navigating Tenant Rent Arrears in UK Property Investment: Legalities and Best Practices

Choosing Between One-Bedroom and Two-Bedroom Apartments for your Buy to Let Investment UK

Choosing Between One-Bedroom and Two-Bedroom Apartments for your Buy to Let Investment UK

One Great Property Idea
Masterclass

How Property Investors with Little Time Can Invest in New Build and Off Plan Property using a Regeneration Strategy and Where Exactly to Invest.

THIS WEDNESDAY @

530pm London GMT

THIS TUESDAY @

1230pm London GMT

Property Investment... Effortlessly Done For You!