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Lenders using the same language

It’s always been difficult to compare fees when lenders use different words for their costs. By early 2016 most lenders should have a “tariff of charges” in place that will be in a standard format. They will also be in the same order in their promotional literature.

This follows a Which? campaign and will make it easier to understand and compare.

Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

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