Mortgage advisers hit with set-up fee TCF claim

A study conducted by uSwitch.com suggests that, despite the added cost, 32% of consumers who added an arrangement fee onto their mortgage were advised to do so. It says this is despite the fact a set-up fee paid in this way can add 112% on average to the cost of the original arrangement fee. In addition, the uSwitch study suggests almost 900,000 consumers have had fees added to their mortgage without realising they had agreed to it. Ann Robinson, director of consumer policy at uSwitch, says: “This is a real catch-22 for consumers who are struggling to find the funds to pay mortgage set-u...