Great news this month for anyone who feels they may have been hard done by when they switched mortgages and their lender slapped a huge fee on the for the privilege of leaving.

Exit fees are nothing new. They have been common for a number of years now and lenders have used the excuse of additional admin to extract a final "goodbye" payment from their borrowers. Well these charges have been creeping up in size over recent years, with some lenders doubling or tripling the charge. The FSA has not taken kindly to this and has insisted that lenders provide some justification for the increases.

The interesting point for people who may have suffered from increased charges, is that the FSA believes they may be in line for a refund or compensation. They say that although they have no power themselves to force lenders to pay compensation, they would expect that if a consumer complains, they will be treated fairly and if this is not the case then they are likely to investigate. We take that to mean that if you have been victim to a mortgage exit administration fee (MEAF) that was higher then when you originally signed up for your mortgage, all you have to do is write and ask for the difference to be refunded and you should get the cash, no questions asked (that is unless the lender fancies squaring up to the FSA and picking a fight!).

On this page we report and expose the worst companies who are using add-on fees to make expensive products look artificially cheap. Remember with mortgages at the moment you need consider the whole package, not just the headline intereest rate. We make a comparison of deals include all the additional acceptance, conveyancing, survey , exit and possible redemption penalty add-ons - they can add up to a substantial sum.

Recently the Portman Building Society reduced its fees on its product range. Their arrangement fee is now less than £549 across the range with some products having no fee at all SOme oftheir fixed rate deals also benefit from a drop in interest rate and they now offer a 5 year fixed deal.

Offset Mortgages popular - 10th July 2007

Record Mortgage Lending in July - 18th August 2006

First time Buyers not Protected - 22nd August 2006