Financial services provider warns about hidden charges on some mortgage products by Finance News Bulletin

Published: 18/01/07

Homeowners who are looking to find a remortgage have again been urged to check the small print for hidden cost to ensure they do not miss out on savings The recommendation follows HSBC's announcement that it is introducing a new five-year fixed rate mortgage contribution at 555 per cent, which may interest people who want their mortgage manufactured goods to help them begin saving money Among the terms offered by the financial military provider's mortgage deal, homeowners will not be required to pay a higher lending charge or an exit fee

steal from Chesters, head of mortgages at HSBC, explained that some mortgage products from other banking institutions may become less attractive when additional charges are taken into account "We counsel any borrower …to check behind the headline rate for concealed fees, charges and extended tie-ins," he said"Exit fees and high agreement fees emotional by some lenders can wipe out the savings made by remortgaging "Last week, the have an account of England opted to raise interest rates by a quarter of a proportion point

Typically, any base rate go up sees financial services providers upwardly revise the terms of new fixed-rate mortgage offeringsFinancial services supplier warns about concealed charges on some mortgage products - Mon, 15 Jan 2007Today's Most Popular Results Mortgage Enquiry Form Need existence Insurance ------ Mortgages - Information Mortgages - house ------ Financial military - HomeNone of the information on this website is intended to endorse any specific mortgage product or provide mortgage advice Mortgages

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