Since private lenders are not eligible for government provided mortgage insurance many charge an initial lender fee to compensate for the risk associated with private mortgages. (mortgagebrokerstore.com)
Compensation may or may not also come from «indirect» fees paid by the lender providing the mortgage loan funds. (mortgage-x.com)
Mutual lenders are leading the way in providing mortgages for those who want to build their own homes, with 20 plus building societies already providing this kind of mortgage finance. (politics.co.uk)