Mortgage fees hit 25 year high

According to data from webiste Moneyfacts, mortgage arrangement fees have already risen by £112 this year, increasing from an average of £1,410 in January to £1,522 by this April. In January a two-year fixed rate mortgage up to 90% loan to value (LTV) came with an average interest rate of 5.12% and a fee of £921. By April the rate had fallen to 4.59%, but the fee risen to £1,423. The same deal at 75% LTV was in January charged at an average rate of 3.98% with a fee of £1,531, with the rate now fallen to 3.5% and the fee risen to £1,736. Mortgages on five-year fixed rates have follo...