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How important are mortgage incentives on a product?
['Owain Thomas']
Blog
Lenders have gone to great lengths when enticing brokers and borrowers to their products.
I have never really been keen on incentives.
They often act to just cloud the judgment of clients (and sometimes brokers) around comparing what the real cost differentials are.
For example, I have never understood why incentives are allowed at all where new-build properties are concerned.
They cause distortions and other issues – just sell the property for the value it is actually worth.
['mortgage'
'help'
'fees'
'type'
'important'
'real'
'things'
'incentives'
'supporting'
'product'
'duty'
'stamp'
'brokers']