Each week Mortgage Solutions picks the best reader contribution from our article comments and letters to the editor.
Each week, we round-up the best comments, emails and letters to the site and pick one reader contribution as our Star Letter. This week’s award goes to:
Brokers say high fees are scaring off clients
High arrangement fees should not really be a problem as for most clients there will be lower fee products available, albeit at a higher rate of interest.
Surely it is our role as advisers the explore the best alternative for our clients.
For clients with a relatively small mortgage, an arrangement fee of £1,500 would be disproportionately large and a slightly higher rate of interest with a low or no arrangement fee would make more sense.
It is not rocket science or am I missing something?
A K Narey
