Nationwide calls for an end to HLCs

The lender which is calling for lenders to scrap the charges predicts nearly 100,000 borrowers will be affected with each borrower on average paying a charge of £2,000. Nationwide says it remains important lenders take action to help first time buyers take their first step onto the property ladder. It argues higher lending charges are a particular concern for first-time buyers as they are a significant additional cost at a time when they also need to find a deposit and meet legal and other costs involved with moving home. While the higher lending charge can be added to the mortgage over ...