Mortgage fees under spotlight

Rebecca Atkinson — Thu, 26 Jun 2008 10:23:24 +0100

Alistair Darling has warned mortgage lenders not to take advantage of borrowers by charging unfair arrangement fees.

The chancellor is concerned that some banks and building societies are enticing borrowers with competitive headline rates while at the same time hitting them with arrangement fees of up to £1,999.

Non-refundable fees could leave borrowers out of pocket

Rebecca Atkinson — Wed, 11 Jun 2008 16:17:48 +0100

More mortgage lenders are expected to introduce non-refundable fees on house purchase loans that could leave borrowers seriously out of pocket if the deal fails to complete.