Property News in the UK

UK property news and links to various property websites. mortgage news, house price news, interesting properties for sale.

Monday, October 16, 2006

Navigating the mortgage maze

The battle for Britain's homeloans has stepped up a gear, but while borrowers have never had so much choice the homeloans market has never been more complicated.

In a bid to keep up with the competition for eye-catching interest rates, more often banks and building societies will try to claw money back via higher fees and charges.

The average fixed-rate mortgage arrangement fee rose by 22% over the past year to £494 according to price comparison site Money Expert. And exit fees, which typically stood at around £75, have in many cases risen to more than £200.

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