Mortgage Charges Are Increasing Day By Day

By Petra Amelia on December 6th, 2007

(1 votes, average: 5 out of 5)

 Loading ...

Buyers should see the mortgage fee and charged applied for mortgages are increasing day by day. According to the survey it has become so expensive for homeowners to secure the lowest mortgage rates. According to Moneyfacts, the analyst, the average arrangement charge is now £827, and many of the fees on the keenest rates are far higher. Abbey launched a two-year fixed-rate mortgage at 5.59 per cent which £9,999 as a fee. Melanie Bien, Savills Private Finance, the mortgage broker said “These percentage fees have certainly made it far harder for homebuyers and those remortgaging to identify the best deals on the market.” David Knight of Moneyfacts said “The increase in fees may not automatically mean that the cost of the deals has increased, what it does mean is that the maze which borrowers need to navigate to get the best deal has become more complicated.”

Read: telegraph.co.uk

Share This