CML and Which? have launched a new tariff of mortgage charges to introduce a standard format for how lenders communicate their fees. This is intended to make it easier for customers to understand charges and compare deals. The new tariff standardises terminology so that different lenders will now use the same names for fees. In addition, the new common format means that each lender will list fees in the same order, and with the same descriptions, to make it easier to compare between lenders. Lenders representing 85% of the market have already committed to introducing this tariff and putting it on their website by the end of 2015. CML and Which? have also published the final report on their transparency review of mortgage fees and charges. The review focuses on three central themes: informing customers, helping customers understand and helping customers compare. The new tariff and information standards are key outcomes of this review. (Source: CML and Which? Announce New Mortgage Tariff and CML and Which? Final Report on Mortgage Transparency)