lender

The three judges unanimously agreed that it would be illegal for the lender to pay any commission to the dealer without the informed consent of the buyer.

In 2021, the FCA banned deals in which the dealer received a commission from the lender, based on the interest rate charged to the customer.

The court of appeal said “burying such a statement in the small print which the lender knows the borrower is highly unlikely to read will not suffice”.

The UK's largest mortgage lender said the average price hit £293,999 in October, surpassing a peak of £293,507 that was reached in June 2022.

That is partly to do with that borrowing that followed the tripling of fees in 2012, and these loans will all be structured with a lender by each institution individually.