However, in recent years the number of fee-free mortgage deals available has rocketed, with Accord, Barclays and Leeds just a few of the big names to bring out home loans without arrangement charges in the last couple of months.

But the phrase ‘fee-free’ is starting to be a cause of concern among some industry experts.

Industry commentators fear fee-free attracts clients who believe they will be saving money with a home loan of this type over alternative deals with fees attached.

While the beauty of fee-free mortgages is you do not pay fees you will tend to pay a higher rate of interest on a fee-free mortgage and it is vital that advisers ensure clients see past the marketing term and understand whether this type of deal is best suited to them.

It is essential that advisers make sure their clients understand the pros and cons of avoiding an upfront fee but potentially paying a greater rate of interest.

This guide will explain what has driven the growth in the number of fee-free deals and how to calculate whether a client would be better off opting for one of these home loans.

Supporting material produced by the Financial Conduct Authority; Brendan Gilligan, product manager at Yorkshire Building Society; Ray Boulger, senior technical manager of John Charcol and Charlotte Nelson, finance expert at Moneyfacts.