Hi, I'm Rob and I'm Rob and this is Ask Rob and Rob.

Welcome to Ask Rob and Rob. It's the part of the week where we answer your questions.

In fact, it's now one of the two parts of the week where we get your questions answered

because as well as answering two questions on a Tuesday in Ask Rob and Rob, we also answer

two questions on a Sunday in the Sunday times. If you'd like to send us your question

for either of those, then it's really simple. All you need to do is go to property hub dot

net slash ask. So let's get straight into our first question from Steve.

Morning, Gents. Steve calling from Oxford. I just so happened to have walked into possibly

the worst mortgage situation I could have imagined. Right now, I'm currently looking at

arrangement fees of around about 8,500 per product at a rate of 6.8. So I know that with

inflation coming down, there's been a rate change and I'm kind of very much sat here

thinking the numbers that I've been given so far aren't likely to hang around and they

will probably go down. But I have no real idea of how much that's going to be because

that would just be speculation, of course. It's just been a little bit worrying to see

all of my potential capital gains for possibly up to a couple of three years, just be liquidated

overnight. So just wanted to really get your comments. Steve, thank you for your question

and I feel you're paying. A lot of people will be feeling you're paying at the moment.

Mortgage situation is more challenging than I can ever remember it being. And arrangement

fees that you've mentioned are particularly painful. You used to have arrangement fees

of maybe £1,000 or maybe 1% of the loan, but now you're seeing some crazy numbers and

the 8,500 is a huge amount. Lenders are charging those fees for two reasons. One is because

it means that they can keep the actual product rates down, the interest rate, which makes

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