Property News · April 5, 2025

UK mortgages: warning over big fees as homebuying season arrives


The sums lenders charge to secure the best rates have risen in the past five years – and can make a loan much more expensiveThe spring months are typically the busiest of the year in the housing market as buyers mobilise and sunshine adds to a property’s kerb appeal.However, today’s buyers – and those remortgaging – need deeper pockets than a few years ago. Not only does the average mortgage rate start with a “5” but borrowers face hefty arrangement fees to secure the best deals. These are the fees paid to lenders purely to secure a certain rate, and come on top of any conveyancing or broker fees. Continue reading…

Source : theguardian.com
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