{"id":49644,"date":"2017-03-25T14:00:03","date_gmt":"2017-03-25T07:00:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-death-of-the-mortgage-salesman-is-unfortunately-premature\/"},"modified":"2017-03-25T14:09:47","modified_gmt":"2017-03-25T07:09:47","slug":"the-death-of-the-mortgage-salesman-is-unfortunately-premature","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-death-of-the-mortgage-salesman-is-unfortunately-premature\/","title":{"rendered":"The death of the mortgage salesman is unfortunately premature"},"content":{"rendered":"


\nLenders now pay mortgage brokers \u2018retention\u2019 fees for simply rolling you over from one of their deals to anotherWe thought the \u201ccommission hungry salesman\u201d had been consigned to the museum of financial horrors, next to the exhibits on Equitable Life and endowment mortgages. But are these relics in fact still alive and crawling back into the mainstream?On the quiet the major mortgage lenders have begun making \u201cretention\u201d payouts to brokers, alongside the \u201cprocuration\u201d fees they have long paid. If you have no idea what this means then that\u2019s probably the idea \u2013 to keep you in the dark. Continue reading…
\n
\nSource : theguardian.com
\nRead more…The death of the mortgage salesman is unfortunately premature<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lenders now pay mortgage brokers \u2018retention\u2019 fees for simply rolling you over from one of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-49644","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cUI","jetpack-related-posts":[{"id":140133,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-lenders-will-use-eye-catching-rates-to-compete-for-business\/","url_meta":{"origin":49644,"position":0},"title":"UK mortgage lenders will use eye-catching rates to compete for business","date":"November 2, 2023","format":false,"excerpt":"\r Offers for homeowners may look improved but deals are likely to come with larger product feesBank of England leaves interest rates at 5.25%Next move is likely down \u2013 analysisUK homeowners and buyers can expect a rash of mortgage deals with eye-catching rates but a sting in the tail from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139247,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-including-natwest-cut-rates-after-surprise-inflation-drop\/","url_meta":{"origin":49644,"position":1},"title":"Mortgage lenders including NatWest cut rates after surprise inflation drop","date":"September 21, 2023","format":false,"excerpt":"\r Brokers expect more home loan reductions with offerings at lowest prices for several monthsLeading lenders including NatWest have cut their mortgage rates after an unexpected fall in UK inflation, and brokers are predicting that others will follow suit over the coming days.Banks and financial firms have announced a fresh\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123057,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lenders-begin-to-raise-mortgage-rates-despite-boe-decision\/","url_meta":{"origin":49644,"position":2},"title":"UK lenders begin to raise mortgage rates despite BoE decision","date":"November 5, 2021","format":false,"excerpt":"\r Brokers act as the central bank is still predicted to bring in an increase of around 1 per cent by the end of 2022\r \r Source : ft.com\r Read more...UK lenders begin to raise mortgage rates despite BoE decision","rel":"","context":"In "Property 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creep up as brokers warn of possible \u2018further pain\u2019","date":"November 18, 2024","format":false,"excerpt":"\r Concerns interest rates will stay higher for longer if official data on Wednesday shows inflation is back above 2% targetThe average cost of a new fixed-rate mortgage is continuing to creep up, data shows, as brokers warn that borrower could face \u201cfurther pain\u201d if the latest inflation data out\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129990,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-uk-lenders-temporarily-pull-new-mortgage-deals-amid-volatile-market\/","url_meta":{"origin":49644,"position":5},"title":"Two UK lenders temporarily pull new mortgage deals amid volatile market","date":"September 27, 2022","format":false,"excerpt":"\r Virgin Money and Skipton Building Society withdraw deals for new customers as drop in pound leaves banks unable to price productsUK lenders Virgin Money and Skipton Building Society temporarily withdrew mortgage deals for new customers on Monday, reacting to financial market volatility prompted by the government\u2019s mini-budget.Lenders were struggling\u2026","rel":"","context":"In "Property 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