UK mortgage lender - rates and fees.  Choosing the right deal. 

Be careful when choosing a product that looks good on the face of it.  The best mortgage interest rates NOW attract the HIGHEST arrangement fees.  Because most of these fees are so high many people opt to add the fee to the debt (not everyone has £2-3,000 spare).  If you add the fee on it increases the overall cost of the mortgage slightly in the short term but massively in the long term.  

UK mortgage lender rates v fees - make sure the sums add up. 

Don’t forget the interest that needs to be paid on the fee added to the loan.  So if you intend to stay with your lender its important to consider upping your payments in the short term to ensure the fee is paid early.  But then off course you might just find that in real terms its no cheaper than another rate that does not have such heavy set up fees.   Choose a good broker who will do the maths for you!