UK govt and mortgage industry to work to make home lending process more transparent

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The UK government and the country’s mortgage industry have pledged to work together to make sure home lending is available for every stage of life from first time buyers to retirees.

‘We hope the improvements we are making to the transparency of fees and charges will help make it easier for people to understand mortgage costs more easily, and will support the many benefits that a wide choice of mortgages brings to consumers,’ said Paul Smee, director general of the CML.

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