Loan charges incurred through a mortgage are predicted to remain affordable in the immediate future.Council of Mortgage Lenders communications manager Bernard Clarke said this might not happen if there is a "large degree of disruption".He pointed to the crisis in the eurozone as an issue that could cause the expenses involved in housing loan claims to grow.Base rates are predicted to remain low "for the moment", although the building society and bank charges incurred by borrowers are "not necessarily" determined by this feature, the specialist remarked.Instead, these costs are "a function of how easy, difficult or expensive it is to raise funding", he added.Lenders have to pay higher finance costs than they are used to at present, so mortgage rates have risen as a response to this, Mr Clarke explained.Recent figures from the Bank of England found there was a slight fall in the number of house purchases that were given a loan approval during May, with the overall six-month average also declining.Samantha Clarke Samantha is a former banking assistant and has over ten years experience in retail banking.
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