Mortgage fees rise and cashback options reduce: Moneyfacts
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Fixed mortgage market analysis |
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Mar-20 |
Mar-23 |
Mar-24 |
27-Feb-25 |
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Average product fee £ (excluding deals with no fee) |
£1,040 |
£1,095 |
£1,138 |
£1,129 |
|
Deals with no £ product fee |
1,781 (41%) |
1,551 (43%) |
1,842 (35%) |
2,119 (36%) |
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Deals with free/refunded legal fees |
2,150 (49%) |
1,646 (45%) |
2,279 (41%) |
2,486 (42%) |
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Deals with a free/refunded valuation |
3,138 (72%) |
2,748 (75%) |
3,821 (73%) |
4,322 (73%) |
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Deals with £ cashback |
1,359 (31%) |
1,235 (34%) |
1,306 (25%) |
1,330 (22%) |
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Average rate (deals with £ fee) |
2.49% |
5.07% |
5.57% |
5.31% |
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Average rate (deals with no £ fee) |
2.66% |
5.29% |
5.59% |
5.41% |
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The % shown is the proportion of deals out of the fixed mortgage market, which include adverse credit deals, but exclude % product fee deals. Average rates exclude adverse credit deals. Data shown is as at the first available day of the month, unless stated otherwise. Source: Moneyfactscompare.co.uk |
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