Younger borrowers are being hit disproportionately hard by mortgage advice fees, according to new research from L&C Mortgages.
The research, conducted by Censuswide with 1,000 UK homeowners (aged 18+) between a narrow window of 23 December 2025 and 02 Jan 2026, found that more than nine in ten (91%) borrowers aged 18–34 said they were charged a broker fee when taking mortgage advice. This compares with 64% of those aged 45–54, and just 42% of borrowers over 55.
Not only are younger borrowers more likely to pay a fee, but they are also far more likely to be charged a percentage of the mortgage value. L&C said almost half (49%) of 18–34 year-olds paid a percentage-based fee, more than double the proportion of 45–54 year-olds (21%). Fewer than one in ten over-55s (9%) reported paying a percentage fee.
Among younger borrowers paying a percentage fee, two thirds (66%) were charged between 0.5% and 1% of the mortgage amount. Where a flat fee applied, more than nine in ten (96%) 18–34 year-olds paid between £250 and £999.
With the majority of first-time buyers falling into this younger age bracket, L&G suggest they are particularly vulnerable to paying more for mortgage advice than older, more experienced borrowers, often at a time when budgets are already stretched.
When buying, more than half of 18-34 year olds (53%) had felt pressure from an estate agent to use their recommended or connected broker, compared to 22% of 45-54 year olds and 1 in 9 (12%) of over 55s.
Commenting on the data L&C associate director David Hollingworth said: “Younger borrowers are far more likely to be hit with broker fees, and often the more expensive types of fees. Mortgage advice is crucial for those with less experience, but that advice doesn’t need to come with an unnecessary, additional cost.
“Many younger buyers are already struggling with deposits, moving costs and rising living expenses. Adding hundreds or even thousands of pounds in advice fees only eats into deposit savings and increases the long-term cost.”
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