Lenders love small print and when it comes to mortgages, they certainly make the most of it.
A mortgage is a very large loan, so there's lots and lots of tiny type on the application forms and in the brochures. Wading through it hardly qualifies as entertainment, but if you want to get a good deal there really is no alternative to research. The mortgage industry has finally moved to clean up its act, and almost all lenders and mortgage brokers subscribe to the Council of Mortgage Lenders' Code of Practice. In addition, the Government has recently issued guidelines for lenders, known as Cat marks. The Cat mark sets standards for charges, access and terms, but it will not be compulsory.