Friday, 7 July 2017

Homeowners And New Buyers Face Sky-High Fees

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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