charge at its peak
Moneyfacts.co.uk the site comparison
website feel that 75 per cent of mortgage lenders now charge
more to those looking to change mortgages with a different loan-to-value.
The financing portal states that the fees range from 7 per cent
to 12 per cent.
Julia Harris at Moneyfacts.co.uk has concluded that higher lending
is defiantly a costly add-on for people who opt for deals with
saving discount headline rates.
Selecting mortgage deals with different mortgage
do not state higher lending charges may slowly total costly,
as the rival mortgage lender.
"Don't be lulled into thinking that by choosing a lender which
does not charge a HLC [higher lending charge], you will not be
faced with higher charges as it may mean you pay a higher interest
rate instead," she added.
Majority of homeowners might be told to consider a high loan-to-value
mortgage deal, they are only aiming to increase property prices.
The Nationwide Building Society stated that the average house
price inflation in the United Kingdom resulted at a 10.3 per
cent figure, this was May 2007 figures.
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