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Mortgage Guide
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Types Of Mortgage
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The Fee-Free mortgage

From time to time, many mortgage lenders advertise fee-free mortgage deals.

And very attractive they can sound too.

Now that many deals come with a set-up fee (also called an arrangement or reservation fee) of anything from £400 to £4,000, what borrower wouldn't like to be offered one that doesn't charge a penny for this?

that's not all. In many cases, the lender will also cover your property valuation and basic legal fees.

It seems like a win-win situation

The lender pulls in heaps of new business from hard-pressed borrowers keen to avoid being ripped off with a traditional high-fees deal.

And, when you add in those valuation and legal fees, you stand to save anything upwards of £1,000.
But (surprise, surprise) it isn't that simple

Mortgage lenders aren't charities, which means they're not in the business of handing out something for nothing.

So what's the catch?

To find out, read The dangers of a fee-free mortgage.

To read more on this subject please see the list below or your mortgage guide or your home buying guide

Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below

Value of Property £  
(eg 125000)
Borrow How Much? £
(eg 92500)
Your Mortgage Type
 

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The two major varieties:

Repayment mortgages

Interest only mortgages

Then mix in the various:

Interest repayment arrangements

Finally, to cover all the different types there's a

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