Interest rates, however, are just one component of the cost you end up paying: loans also come with arrangement fees, which can either be a set amount (like £995) or a percentage of the total amount you want to borrow (often from 0.5% to 2%). There are also various valuation fees, account set-up fees and “because we feel like it” fees. So as you can see, this isn’t just a matter of seeing who appears at the top of the “lowest rates” table and giving them a call: you need to first look at each lender’s criteria to see who will accept the circumstances surrounding you and the property, then
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