The Sunday Times - Cheap home loans sting with high fees
Borrowers are being hit with high mortgage fees that can almost double the cost of deals in the first year.
Lenders have been cutting some interest rates in recent weeks to record lows, but analysis shows that higher fees are wiping out the benefit.
Aaron Strutt at the mortgage broker Trinity Financial said: “Lenders are offering incredibly low rates, but borrowers often pay the highest arrangement fees to access them.”
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