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All the Latest Goings on at Hudson Property

Mortgage fees soar

Figures from Moneyfacts have revealed that mortgage fees have rocketed in the three years since the BoE’s base rate dropped to 0.5%. In that time, the average two-year fixed rate has fallen by 0.19 percentage points to 4.6%, while the average arrangement fee has increased by £321 to £1,502. Elsewhere, the FSA has warned that up to 320,000 homebuyers with interest only mortgages risk losing their property because they are struggling to pay.

Wednesday 11th April 2012 Daily Mail (pages 17, 46)

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