BTL mortgage tip - Beware non-refundable booking fees.

A worrying trend within the mortgage market has been for lenders to start to charge non-refundable booking fees, even if the mortgage application has been rejected. The justification for these fees is to cover the cost of processing mortgage applications, but this argument seems fairly hollow when lenders like HSBC are charging an eye watering £999 non-refundable fee. Ouch! You better make sure that sale doesn't fall though.

As ever, speak to your Resident Broker and we will take this into account when advising. We have strong views on this.

Ring 01424 205 373 or email to find out more on these products or to discuss other options.
ref - PropertyHawk for No Broker Fee Offer.