Friday, June 27, 2008
Kick ’em when they’re down
The Halifax came under fire yesterday for introducing a new £245 mortgage fee, making buying a home or remortgaging even more expensive. Britain's biggest mortgage lender was accused of "sneaking in" the fee, which will apply to all new Halifax and Bank of Scotland mortgages taken out from Monday. The move could put the bank on a collision course with the chancellor, Alistair Darling, who urged lenders this week not to take advantage of borrowers by imposing huge home loan fees.