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


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