First-time buyers could see a more beneficial side to the credit crunch in the form of mortgage fee reductions.
Moneysupermarket.com reports that mortgage lenders are being more transparent about fees .
Additionally, it notes that on average the best fee for a fixed two-year mortgage product has been slashed from £2,149 to £1,334.
"Lenders do not have to rely on headline rates to hook borrowers in at the moment. Often a great headline rate has come with an extortionate fee, but lenders are being much more transparent now," Louise Cumming, head of mortgages at Moneysupermarket said.
The news comes as new figures from the Council of Mortgage Lenders reveal that mortgage lending rose during the month of July.
According to the chief executive of property search engine Globrix Daniel Lee, the two "key factors" in reviving the property market are realistic asking prices and an improved choice of mortgages .
Mortgage fees fall in face of credit crunch
Mortgage Quote Line
0845 108 0505
Mortgage fees fall in face of credit crunch
Fri, 22 Aug 2008
Recommended links
Mortgage search and comparison portalMortgage quote form
Mortgage affordability calculator
Maximum borrowing calculator
Mortgage search tool
LTV calculator
Mortgage fees and costs
Stamp duty guide and calculator
Mortgage indemnity insurance
Other mortgage fees and charges
Mortgage interest rates
Swap rates
Mortgage arrears info
Repossession guide
Remortgage guide
Conveyancing guide
Mortgage surveys
Mortgage rates and offers
Find a mortgage lender
Compare mortgage lenders
Mortgage brokers directory
Fixed rate mortgages - compare
2, 3, 5, 10 year fixed rate mortgage deals
Tracker mortgages
Browse tracker mortgages
Mortgage payment protection insurance
Poor credit mortgage launched by Infinity Mortgages
Mortgage holders, coping with credit crunch, expert claims
Adverse credit mortgages remain possible
Scottish mortgages less affected by credit crunch, figures show
Exclusive light poor credit mortgage launched
Mortgage to credit balance shifts
Coventry boosts impaired credit mortgages
Bad credit mortgage lenders do not pass on interest rate increase
Adverse credit mortgages from Accord
Credit crunch boosts buy-to-let in Scotland
Mortgage lender launches poor credit mortgage range
Poor credit mortgages launched in right-to-buy sector
Low mortgage rates for people with adverse credit problems
Adverse credit mortgage lending shows growth
Zesty poor credit mortgage deals
Credit crunch hits mortgage holders
Mortgage applications 'hit by credit crunch'
Mortgage lending getting tighter due to credit crunch
Poor credit mortgage range launched by Pink
Adverse credit mortgages helpful, expert claims
Mortgage applications affected by credit crunch
CML forecast growth in adverse credit mortgage market
Search for a mortgage not helped by adverse credit problems, CCJ or bankruptcy
Brits advised to avoid mortgage credit card trap
Poor credit mortgages from Nationwide
Some 4 million families used credit card to pay mortgage
Exclusive poor credit mortgages on offer
Self-build mortgages 'unaffected by credit crunch'
UCB Home Loans expands into poor credit mortgage market
Poor credit mortgage schemes launched by Norwich and Peterborough
Mortgage lending stays strong despite credit crunch
Lenders to look more closely at credit histories
Poor credit mortgage offerings announced
Mortgages chosen over credit cards
Poor credit mortgage rates cut
First-time buyers no more affected than others by credit crunch
Paying off mortgage loans with credit cards may not be financial disaster
Mortgage borrowers must have good credit history, says lender
Difficult to get adverse credit mortgages, says CML
Preferred poor credit mortgage rate with em-homeloans
Despite credit crunch, buy to let mortgages strong
100 per cent mortgages credit crunch casualty
Coventry launches credit impaired mortgages
Poor credit mortgages get higher loan to value
Leeds launches credit impaired mortgage
Are bad credit mortgages available to anyone?
First time buyers 'could benefit from credit crunch'
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage