Taking out any mortgage involves paying various fees. These can include:
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Arrangement fees, which can range from £0 to more than £2,000
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Legal fees, which vary depending on the property type and size
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Deposit
When searching for the best two-year fixed-rate mortgage, it’s therefore important to consider the total cost including fees, not just the mortgage rate on offer. The best way to do this is by looking at the total cost over the initial deal period.