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Showing results for tags 'homeowners'.
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New crackdown on rogue agents to protect renters and leasehold homeowners READ MORE HERE: https://www.gov.uk/government/news/new-crackdown-on-rogue-agents-to-protect-renters-and-leasehold-homeowners -
Homeowners are having to pay 'sneaky' and 'unclear' mortgage fees, according to the consumer organisation Which? It said borrowers face more than 40 different fees and charges, making it hard to calculate actual costs over the lifetime of a mortgage. Average arrangement fees have almost doubled in five years, from £878 in 2009 to £1,588 in 2014, its research found. http://www.bbc.co.uk/news/business-29878570 Which?'s latest research on the mortgage market uncovers the complex and unclear mortgage fees and charges people are facing. They found more than 40 fees and charges across the market, including set up fees, arrears fees and final repayment fees. Some providers use different names for the same or similar fees – for example a booking fee can also be called a reservation or application fee. Mortgage fees examples http://www.which.co.uk/campaigns/insurance-bank-card-fees/chancellor-autumn-statement-mortgage-fees#?intcmp=HP.hero.small.2.a.wcucampaign.feeschargesmortgageupdate.nov03 Which? is calling on George Osborne to use his Autumn Statement to Stop Sneaky Fees and Charges on mortgages and make it easier for people to find the best deal. You can help by signing our petition here: http://www.which.co.uk/campaigns/insurance-bank-card-fees/ -
A class action complaint filed earlier this month in New York federal court claims borrowers with adjustable-rate mortgages based on the London Interbank Offered Rate, or Libor, paid more than they rightfully should have due to the rate's manipulation by the global banks involved in setting it. More: http://money.cnn.com/2012/10/16/news/companies/libor-homeowners-mortgages/index.html
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http://www.dailymail.co.uk/news/article-2207197/Taxman-target-1m-home-owners-new-anti-affluence-crackdown-government-widens-net-tax-dodgers.html
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Slowly but surely banks are sneakily boosting their bottom line by squeezing savers while hitting homeowners with hike after hike in mortgage rates. It almost seems impossible that savers can get a worse deal than they have been for the past three years — but mark my words, we’re heading that way. Since January 1, mortgage rates on the best deals have increased by as much as 0.8 per cent, adding £792 a year to the cost of a loan. Read more: http://www.dailymail.co.uk/money/saving/article-2151736/JAMES-CONEY-Banks-squeezing-savers-hitting-homeowners.html#ixzz1wPTOkMaP
