A leading financial comparison site is urging potential mortgage borrowers to avoid the pull of low interest rates on products and concentrate on considering the packages that have benefits across the board to avoid paying more than is necessary.

Moneysupermarket.com have reported that fees for both tracker and fixed mortgages have risen by over 13 per cent since September 2009. Reports have also indicated that those with the lowest headline rates do not always prove to be the best overall deals, as plans with higher interest rates and lower fees can often prove cheaper.

The group also says that in many cases it may be better to opt for higher fees to secure lower interest rates, but this depends on the sum of money being borrowed.