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High street lenders |
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High street lendersProviders of mortgage products who can be broadly split into two groups - the building societies and the banks. Banks are profit-making businesses that return a portion of their profits to shareholders in the way of dividends. Building societies on the other hand, are mutually owned organisations, which exist not for profit but for the benefit of the members. They claim that this allows them to return profits to their customers in the form of cheaper products.High street lenders Similar MatchesDirect lendersDirect lendersProvide financial services over the telephone and through the internet. Lower overheads resulting from a lack of high street premises and centrally streamlined processes mean that the overall costs are much lower and part of this saving is used to deliver cheaper products. Add to this the convenience of arranging a mortgage outside working hours from your own home, and it is easy to see why these new operations are finding favour. Lenders legal feesLenders legal feesFees incurred by the lender when arranging a mortgage passed on to the buyer. Lenders arrangement feesLenders arrangement feesFee for arranging a loan passed on to the buyer by lender. Lenders basic valuation The lenders assessment of the value of a property before authorising any loan against it. Institutional LendersInstitutional LendersBanks, savings and loan associations and other businesses which make loans to the public in the ordinary course of business, rather than individuals, or companies which may make loans to employees. Council of Mortgage LendersCouncil of Mortgage LendersAn institution that sets out code a code of good practice which mortgage lenders volunteer to stick to - they are not regulated by the government. Further SuggestionsLenders fees |
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