A report out yesterday from Mform showed that mortgage arrangement fees have almost doubled over the last year, to an average £5,000.
It looked at the average charges on the five most competitive 3-year fixed deals and compared costs from last March to yesterday's top 5. A year ago the average charges were £578 whereas by yesterday that had increased 96% to £1,132. Likewise, 2-year deal have seen average charges rise from £999 to £1,478.
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