Homeowners and new buyers are being warned of soaring
mortgage fees with precious little to justify them as an interest rate price
war rumbles on. Competition in the mortgage market has reached full throttle, with
borrowers seeing some of the lowest rates on record, especially when it comes
to fixed rate home loans – the deals buyers are being urged to move to before
the Bank of England base rate starts to rise and borrowing costs increase. But
lenders looking for new ways to boost their bottom line are countering the race
to the bottom for interest rates with higher fees elsewhere. Read more on the
Independent website.
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