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    Following the recent claims by two Liberal Democrat MPs that some UK lenders are "tricking" consumers into taking out mortgages with very high arrangement fees, Moneyfacts has argued that borrowers are fully aware of the

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    A mortgage broker has said that the number of home buyers taking out 100 per cent mortgages has rapidly increased in 12 months.

    According to London & Country, the number taking out 100 per cent mortgages had more than doubled in the past year, while there was a 95 per cent rise in mortgages over 100 per cent.

    In fact, some are borrowing up to 125 per cent to give them extra money for decorating and furnishings, reports the Daily Mail.

    However, Ray Boulger, from mortgage broker John Charcol, said that only a small percentage of hopeful buyers are able to take out a 100 per cent mortgage.

    He said that only a small number of lenders offer this type of mortgage and that borrowers would have to have an excellent credit rating in the first place.

    "A 100 per cent mortgage will make sense as long as you can pay it and is it affordable," he added.

    Following the recent claims by two Liberal Democrat MPs that some UK lenders are "tricking" consumers into taking out mortgages with very high arrangement fees, Moneyfacts has argued that borrowers are fully aware of the c

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    ad more than doubled in the past year, while there was a 95 per cent rise in mortgages over 100 per cent.

    In fact, some are borrowing up to 125 per cent to give them extra money for decorating and furnishings, reports the Daily Mail.

    However, Ray Boulger, from mortgage broker John Charcol, said that only a small percentage of hopeful buyers are able to take out a 100 per cent mortgage.

    He said that only a small number of lenders offer this type of mortgage and that borrowers would have to have an excellent credit rating in the first place.

    "A 100 per cent mortgage will make sense as long as you can pay it and is it affordable," he added.

    Following the recent claims by two Liberal Democrat MPs that some UK lenders are "tricking" consumers into taking out mortgages with very high arrangement fees, Moneyfacts has argued that borrowers are fully aware of the

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    However, Ray Boulger, from mortgage broker John Charcol, said that only a small percentage of hopeful buyers are able to take out a 100 per cent mortgage.

    He said that only a small number of lenders offer this type of mortgage and that borrowers would have to have an excellent credit rating in the first place.

    "A 100 per cent mortgage will make sense as long as you can pay it and is it affordable," he added.

    Following the recent claims by two Liberal Democrat MPs that some UK lenders are "tricking" consumers into taking out mortgages with very high arrangement fees, Moneyfacts has argued that borrowers are fully aware of the

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    this type of mortgage and that borrowers would have to have an excellent credit rating in the first place.

    "A 100 per cent mortgage will make sense as long as you can pay it and is it affordable," he added.

    Following the recent claims by two Liberal Democrat MPs that some UK lenders are "tricking" consumers into taking out mortgages with very high arrangement fees, Moneyfacts has argued that borrowers are fully aware of the

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    Following the recent claims by two Liberal Democrat MPs that some UK lenders are "tricking" consumers into taking out mortgages with very high arrangement fees, Moneyfacts has argued that borrowers are fully aware of the costs before they make any commitments.

    Steve Webb MP and Vince Cable MP claimed in a motion in the House of Commons that consumers are being drawn into deals due to artificially low introductory rates, without realising the high arrangement fees the deal will incur.

    Julie Morris, a mortgage analyst at the website, said: "Whilst there is no doubt that fees have increased, particularly in the competitive two year fixed-rate market, it is unlikely that a borrower will sign up for a mortgage without being aware of the amount of the lending fee".

    She added that the website's true-cost calculations for high-street mortgages are to be published across the national media over the coming months.

    The Council of Mortgage Lenders also moved to counter the MPs' accusations.

    Bernard Clarke of the CML stated: "Deals with high arrangement fees may not suit everyone, but

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