Dick Turpin wore a mask – There will always be robbers but when they wear pin stripe suits they are almost in disguise. Those of you who know your history will be acquainted with the highwayman Dick Turpin who infamously wore a mask to disguise his identity.
Pin stripe suits and robbers – It has been well documented that the cartel of UK mortgages rate fixers have been found guilty by public opinion of robbery on many occasions. Therefore the message should be clear, beware of those wearing pin stripe suits. I use the term pin stripe suit lightly but it is a term generally associated with bankers with a b.
Stand and deliver – Stand and deliver is apparently how Dick Turpin greeted his victims before robbing them. There should be a sign above the door of all the banks and mortgage lenders “Stand and deliver” as that is what we consumers do, deliver profits to our robbers.
The scam – Okay we are all aware there is a credit crunch and the mortgage lenders are not lending money. However, when they do they are certainly trying to recoup their massive recent losses by increasing the difference between the Bank of England (BOE) base rate and the mortgages rate they charge you. This is a scam.
What action you can take – First of all remember that just like Dick Turpin the lenders have a gun at your head. But you can take some action that involves no risk. Shop around as you will be amazed at the difference between the number one mortgage lender and some small building societies.
How to save thousands – Shop around for a low interest fixed mortgages rate as they offer security and are often lower than the Standard Variable Rate (SVR). Keep a watchful eye on the amount of arrangement fee and any early redemption penalties and you could save thousands of pounds with a low interest rate fixed term mortgages rate.
How would you like to discover insider knowledge of just what exactly the
mortgages rate means to you? You can grab my free e-book called the
Mortgage Bible that could save you thousands over the course of your mortgage. You'd be crazy not to!
MortgageWatchdog.co.uk
