Consumers planning to compare home
According to Britannia, the temptation to focus on interest rates alone should be avoided in order to find the best deal.
The building society’s managing director of new business, Tim Franklin, explained that charges such as arrangement and valuation fees need to be considered in order to determine the “true cost” of a
“Although there are some great rates available in the market at the moment, it’s important that borrowers look at the overall package, not just the headline rate,” he added.
Recent Bank of England base rate reductions have meant that
Last week the Bank of England’s monetary policy committee maintained its base rate at 0.5 per cent.