The Sunday Times - When mortgage fees make sense
The Sunday Times reports that interest rates will nearly double for the average homeowner coming to the end of a five-year fix - and they will have to pay bigger fees too.
Monyfacts reports that mortgage product fees have risen on average. At £1,129, the average fee currently charged on a fixed rate mortgage deal (not including no-fee products) has risen by £89 since March 2020. While this average fee has fallen by £11 since March 2024, it has been above £1,000 since July 2017.
Aaron Strutt, product director at Trinity Financial, told The Sunday Times: "While some lenders charge £1,499 or £1,999 on their deals with the best rates, they also tend to have £999 fees or lower for deals with less competitive rates."
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