16-06-2008
MoneyExpert highlights rise in fees for fixed mortgages
News by Adfero for Simply Business - independent providers of public liability insurance, business finance, landlord insurance, buy-to-let mortgages & commercial mortgages.
Financial comparison site MoneyExpert has identified a rise in the fees charged for fixed rate mortgages.
The site has revealed that the number of fixed-rate mortgage deals with fees of more than £750 has increased by a factor of 14.
Indeed, the organisation has noted that moving property is becoming increasingly expensive.
"Such high mortgage application fees will come as something of a shock to many homebuyers. We're just not used to these levels of charge," said Sean Gardner, director of MoneyExpert.
"The days of fee-free mortgages are over and frankly getting anything under £1,000 is something of a coup."
It was also observed that in September 2006, the number of fixed-rate mortgages with fees of more than £750 was lower, at a total of 22.
Established more than two decades ago, the company offers advice in a number of different areas, including insurance and equity release.
