In addition to the basic cost of the loan, which is determined by the interest rate, mortgage providers have devised a number of different fees to help bump up their profits.

However, the size of these fees can vary significantly while some are actually completely avoidable. It is therefore very important to check exactly what fees you are being asked to pay before selecting a mortgage. 

The four most common fees are:
 
1) Mortgage Set-up fee

2) Higher-lending fee

3) Early redemption penalty

4) Mortgage Exit fee
 
We will go through each in turn to discuss your options and how to know if you are getting a good deal.