Down valuation is on the rise and involves lenders valuing your future home at a significantly lower price, when in actuality it is worth thousands more. It counts for 1 in 5 property sales compared to 2 years ago, when this was just 1 in 20. It leaves buyers having to find […]
Interest-Only Mortgages, The Ticking Time Bomb !
Wednesday 11th July 2018
Thousands could be owed compensation, if they were advised to take out an interest-only mortgage when other loans were available.
Experts in the industry have been warning for years about the ticking time-bomb of interest-only mortgages.
For most of us, our mortgage is the biggest and most important loan that we will ever have, […]
Mortgage Lender Reprimanded By The FCA !
Thursday 17th May 2018
Shawbrook Bank Has Admitted Being Reprimanded By The Financial Conduct Authority.
Shawbrook Bank has seen a significant decline in lending volumes since the Financial Conduct Authority forced it to make changes to its lending policy back in October 2017.
The Financial watchdog was investigating several firms, after evidence emerged over lax lending standards. The […]
Excess Mortgage Arrears
Friday 1st December 2017
Over 750,000 mortgage customers who fell into arrears and were then unfairly charged twice are to receive compensation.
Last year, it was estimated that over 750,000 borrowers may have been overcharged after falling behind on their mortgage payments.
The Financial Conduct Authority have now told banks and building societies that they have until July 2018 to […]