Mortgage arrangement fees soar by 70% as lenders offset the hit from lower interest rates | Mail Online
Lenders are pumping up mortgage charges, such as arrangement fees, to cover the hit from lower and less profitable interest rates, new research suggests.
Figures compiled by financial information provider Moneyfacts reveal that charges attached to home loans rose by almost 69 per cent - or £609 - in 2011.
This means the average mortgage fee is £1,498, up from £889 a year ago.
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