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Banks Cash In On Mortgages With Average Fees Of £1,000 That Have Leapt 20 Per Cent In A Year

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http://www.dailymail.co.uk/news/article-2027181/Banks-cash-mortgages-average-fees-1-000-leapt-20-cent-year.html

Mortgage fees have rocketed by nearly 20 per cent over the past year, research has revealed.

The average arrangement fee has soared to more than £1,000, while the highest such fee is an eye-watering £3,800.

Research by mortgage price comparison website Moneyfacts found the average charge has jumped by £151 over the past year to £1,030. Last August the charge – which many regard as a fee for nothing – was £879.

If Mystic Merv reads HPC here's something else for you to slip in your letter to Osborne you can blame higher inflation on the banks for charging higher arrangement fees.

If I was to pay £3,800 I'd want the mortgage rate fixed for the entire mortgage and no get out fees.

Anyone know who is/was responsible for the £3,800 fee?

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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