Hidden Fees Take the Shine Off Fixed Loans

Daily MailJune 21, 2007

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Summary


So can you shine off BORROWERS looking for the best mortgage rates are faced with sky-high arrangement fees as many lenders attempt to disguise their rate hikes.

Many fixed-rate deals have soared since the start of the month, but some banks have attempted to keep their rates looking attractive by increasing fees instead in some cases by more than 1,000.

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Hidden Fees Take the Shine Off Fixed Loans

Fees on variable-rate mortgages are also rising at similar levels.

Borrowers are paying more because rates on the money markets, where lenders b...

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