Home loan borrowers can expect greater clarity and transparency after the Treasury backed a plan to standardise the terms for mortgage fees.
The Council of Mortgage Lenders and Which? will come up with practical steps to make it easier for borrowers to chose the best mortgage deals, after research found that many lenders were using ’sneaky fees’ and a ‘vast array’ of charges without making these clear to the borrower.
FT Weekend, FT Money, 2
