Average arrangement fee hits £1,498
Mortgage arrangement fees increased by nearly 70% last year, according to research by Moneyfacts.co.uk.
The average fee has increased from £889 to £1,498 as lenders look at easier ways of topping the best buy tables.
Aaron Strutt, a broker at Trinity Financial, says: "Lots of lenders may be offering their lowest ever rates, but they have come at a cost. Many of the most popular mortgages we access for our clients have arrangement fees well below £1,000 and they often include a free property valuation and legals service."
Source: The Times
20 January 2012
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
As seen in
