Quote:
Originally Posted by onetwo_threefour
Really?
That's a new one on me. You could be right. Of the probably 10000 mortgages I've done, maybe 20 of them have been for a term longer than 5 years. I don't know that all lenders would give up on the differential penalty for a 5+ year term. What's in it for them? I'm not aware of any legislation that would stop them from charging it either.
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Actually there is nothing in it for them, and surely they would never give it up. There is legislation in the banking act that prevents this.