Mortgage borrowers face 20 per cent rise in arrangement fees | Mail Online
Mortgage customers squeezed by rising interest rates on home loans have been warned they also face sharply rising additional fees that have jumped by a fifth in three years.
Fees for fixed and tracker mortgage products have increased by more than 20 per cent since September 2009, according to research by comparison site MoneySupermarket.
The comparison site said products with the lowest headline rates were not necessarily the best value over the term of the deal because once fees are factored in, a product with a slightly higher rate but lower set-up costs may actually prove cheaper.
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