Consumers to rebel

According to a report by the Independent, mortgage lenders will be the next target for the consumer campaign over the issue of unfair charges.

The Financial Services Authority's examination over high exit fees could open the floodgates to homeowners wanting refunds worth 190 million, the newspaper added.

A spokesperson for Moneysavingexpert.com commented his website has already received more than 100,000 inquiries on how to download exit fee refund template letters.