RE: Its over as an independent company4 Jan 2020 21:32
Jinny there have always been different mortgage deals, and contrary to what you may think not everyone with a mortgage wants or knows how to switch to get a better deal. If you switch and only have a mortgage of say £50,000 the fee has the 'effect' of increasing the interest you pay. It is not all about the headline rate, and the client might not meet the criteria e.g. self employed with short trading exp. etc.