This is according to the latest analysis from Moneyfacts which revealed while the average fee charged had fallen by £6 since the high point in April it still remained at £1,075.

Indeed, in April the typical fee was at £1,081 which is the highest on record since November 2012 (£1,095) according to Moneyfacts.

Charging fees has also become more widespread amongst lenders with only 35% of the market not charging fees – this compares to 40% in June 2020.

Meanwhile, Moneyfacts also revealed, this increase in fees came as average rates for fixed mortgage deals at all loan-to-values (LTVs) had also increased by 0.65% for products with fees and by 0.55% for those without.

They have risen by 0.16% and 0.08% respectively over the last two months alone, said Moneyfacts.

Eleanor Williams, finance Exeert at Moneyfacts.co.uk, said comparing cost of fees would be particularly important for first-time buyers who were currently struggling with low savings rates and rising house prices.

“Cash-strapped prospective borrowers may therefore have limited funds available to meet the costs associated with taking on a mortgage, so comparing upfront costs is vital,” she said.

“Lenders may be raising fees to gain margins in the aftermath of a fixed rate war, and this may also potentially be linked to the resurgence of sub-1% mortgages as, whilst eye-catchingly low, these initial rates can also carry the highest fees.

“Borrowers may then need to search a little harder if they are looking to keep mortgage costs to a minimum or secure a fixed rate mortgage without a fee.”

Williams attributed the increase in fixed rates to the return of traditionally higher rated, higher loan-to-value (LTV) products.

“Our latest data shows that current average fixed mortgage rates at all LTVs for deals with a fee (3.08%), and for those without a fee (2.87%), are both over 0.50% more than they were this time last year,” she said.

“The average rate on a deal without a fee is 0.19% lower than in June 2019, so those who are looking to secure a new mortgage may wish to consider acting swiftly, especially considering that both the average rate for deals with a fee and those without a fee rose by 0.16% and 0.08% respectively over just the last two months.”