Beware hidden mortgage fees

Mortgage fees: Beware hidden mortgage fees - at Moneyweek.co.uk - the best of the week's international financial media.

The good news for homebuyers is that fixed mortgage rates are starting to come down again. After four base rate rises this year, the financial markets are starting to conclude that rates are at, or close to, the top of the cycle. A number of lenders, having offered rates as high as 5.49% over the summer, are now offering fixed-rate deals of less than 5%.

But homebuyers should look carefully at the small print on some of these deals, says Liz Phillips in the Daily Mail. Rates may have come down, but arrangement fees have often gone up.

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