New standard format mortgage charge tariff launched in UK

A new tariff of mortgage charges has been launched in the UK that introduces a standard format for how lenders communicate their fees, to make it easier for customers to understand charges and compare deals. Following a campaign by consumer organisation Which? to end the confusion around mortgage costs, the Chancellor of the Exchequer George Osborne asked the Council of Mortgage Lenders and Which? to work together to find ways to make it easier for consumers to understand and compare the costs o...