Mortgage fees baffling consumers: Which?

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Lenders have introduced a bewildering number of different mortgage fee arrangements since the beginning of the financial crisis, while prices have also soared, according to Which? Money.

Research by the consumer champion revealed building societies have the greatest number of fee structures. Newcastle Building Society topped the chart with 29 fees, followed by Ipswich Building Society with 28. Coventry, West Bromwich and Leek United Building Societies all charge 27 types of fees, while Yorkshire Building Society has 25 alongside Britannia and the Co-operative Bank. Big name lenders Halifax and Northern Rock have 21 fees, while Lloyds TSB and Santander have 18. Which? Money said the variety of fees was making comparing mortgages much more complex for consumers. I...

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