![]() Which? says mortgages with a higher loan-to-value level are more likely to be offered without a fee in a bid to attract first-time-buyers with less money to spare.Īnalysts at the consumer champion have compiled this table which shows how much someone would pay over two years, on a £200,000 mortgage fixed to a 25-year term, in different scenarios:Īn expert adviser on retail theft has cautioned supermarkets against creating "threatening and intimidating" aisles full of barriers, security tags and dummy products. The average fee tends to hover around the £999 mark- and high fees can sometimes disguise attractive rates, so make sure you go through all the details with your mortgage broker. The effect of interest rates on mortgage costs is a significant issue on the minds of first-time buyers and those approaching the end of their fix.īut people looking to find a new deal also have to consider the possibility that their policy may come with an upfront fee - a less-discussed aspect of the mortgage-hunting process.Īnalysis by consumer champion Which? found that six in 10 fixed-rate and tracker mortgages on the market now come with product fees - with the highest charge sitting at a whopping £3,999 set by Halifax. "Based on the £1.81trn that Brits have in savings accounts, it means the nation's savings could have collectively lost as much as £113bn over the past year in real terms." The average saver with £1,000 in an easy-access account will now find their cash is only worth £938 in today's money, Ms Suter added. ![]() "Although interest rates have risen considerably over the past year and a half, savers still lost money in real terms thanks to double-digit inflation for much of that period," she said. ![]() The platform's head of personal finance Laura Suter says savers are "still being pummelled" despite a slight fall in inflation, as they put up with lower returns on their savings. ![]() ![]() The rising cost of living has left many of us feeling the pinch in our day to day lives - but also when it comes to preparing for the future.Īnalysis by investment platform AJ Bell suggests that as much as £113bn may have been wiped off the value of the nation's savings in real terms over the past year as a result of rising inflation. ![]()
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