Fees
Last week, financial information firm Moneyfacts revealed the average arrangement fee on a residential deal soared from £889 in 2010 to around £1,500 in 2011, up almost 70%.
Barclays will be lowering its application fee for buy-to-let deals of between £125,000 and £200,000 from tomorrow.
Chelsea Building Society, part of the Yorkshire Building Society group, has launched a record low five-year fixed rate at 3.19%, available up to 70% LTV.
Other Fees articles
The total cost of moving home has increased by 69% in the last decade, rising from £5,290 in 2001 to £8,922 last year.
Mortgage fees have risen by 68.5% over the last 12 months despite interest rates at a historic low of 0.50%, Moneyfacts has found.
Mortgage Solutions editor Vicky Hartley talks buy-to-let, fees and 2012 product plans with Phil Cliff, Abbey for Intermediaries director of retail assets
This is the Mortgage Solutions weekly talk back page.
Clydesdale and Yorkshire Banks are waiving arrangement fees for customers taking out a mortgage before 25 February.
Aldermore is offering its 100% LTV guarantor mortgage via Legal & General mortgage club.
Accord Mortgages, the intermediary arm of Yorkshire Building Society, has launched hybrid tracker-to-fix deals on its 75% and 85% LTV range.
Paymentshield has informed brokers that their commission will be cut from 27.5% to 5% on 1 November if they have not written any business with the provider over the last 12 months.
The latest Mortgage Solutions poll has revealed 70% of brokers believe that home buyers should not have to pay for a lender's valuation costs, while 30% disagree.
Analysis of the buy-to-let market confirms rates and in most cases fees have fallen substantially since September 2010, but are still higher than residential mortgages.
Updating your subscription status
Latest jobs
Job of the week
Search jobs
Reasons to be Cheerful
It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
Watchdog raps property website for “misleading” claims
FTBs rushing to buy before Stamp Duty break ends
Maturing times: The mortgage market hits puberty
Slow PPI redress an “open goal” for claims firms, warns Which?
Barclays mortgage complaints fall by a quarter