Lenders have declared war in the home-loan market but for every discount thrown in your direction, beware a fee ambush.

The big banks are gunning for your home-loan business – waiving fees, boosting interest discounts on ”package” loans, promising lower rates for loyalty and even paying for you to leave your existing lender.

Borrowers should certainly make the most of it but mortgage market analysts warn they should also be careful not to let the special deals blow smoke over the true cost of a loan. Continue reading Battle of the Banks →