Summary
THE Chancellor yesterday ordered lenders to cut rip-off fees of up to [pounds]2,500 to arrange a mortgage, warning that homeowners were being "taken advantage of".
Alistair Darling said he was very concerned that hardpressed borrowers coming off fixed-rate deals this year were being forced to pay arrangement fees higher than the true cost of the work.See the full content of this document
Extract
Chancellor to Get Tough On 'Rip-Off ' Mortgage Fees
And he threatened a probe by the Financial Services Authority (FSA), the City watchdog, if mortgage lenders failed to act voluntarily.
The comments - in an intervi...See the full content of this document
Sponsored links
