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Exact(16)
£995 product fee.
Fee: £1,675 (£1,545 product fee + £130 mortgage application processing fee).
The key is to factor in the product fee as well as the headline rate.
But just look at the extra charges you have to pay: a £1,600 product fee, plus a booking fee of £195.
Unlike the N&P deal, however, the Yorkshire loan comes with no product fee, although it does have a £130 "processing charge".
This is beaten by the Post Office, which offers a 2.78 per cent two-year fix, but this in turn comes with a hefty £1,495 product fee, and therefore higher upfront costs.
Similar(44)
Watch out for big product fees.
Customers who were enrolled in a product for less than one year will receive the total amount of product fees charged, while those enrolled for more than one year will receive 90 days of fees.
Using the new WealthFront tool folks, whether or not they're customers, can get a window into the product fees, transaction fees, and advisory fees that they're paying; can take a look at potential strategies to optimize tax savings; see what the right amount of cash savings a person should have; and finally ensure that their portfolio of investments is sufficiently diversified.
And like any other financial product, fees are just one component to be considered.
Like any financial product, fees or maintenance charges can eat into the total amount of money available to you.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com