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Plan To Free Mortgage Prisoners Revealed By Fca - Latest News

Plan to free 'mortgage prisoners' revealed by FCA

The City regulator is planning a change of rules that could lower the housing costs of thousands of so-called "mortgage prisoners". Some 140,000 homeowners are trapped on high interest-rate home loans ... read more

REVEALED: How up to 140,000 British homeowners were hit after Sajid Javid axed plans to help mortgage prisoners

A freedom of information request submitted to the Treasury by This is Money has revealed that plans ... mortgage prisoners with the Government and the regulator but so far just 10,000 borrowers were ... read more

Give us the power to set them free - new plans to save "mortgage prisoners"

The City regulator may seek more powers to help "mortgage prisoners", a boss there has suggested. Chris Woolard, executive director of strategy and competition at the Financial Conduct Authority (FCA) ... read more

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Spread the word – opportunity is out there

There are currently 150,000 homeowners trapped on high interest mortgages, who are unable to switch to a cheaper deal, according to the FCA ... about talking to a mortgage broker, and maybe even help ... read more

FCA shakes up mortgage prisoner rules

The Financial Conduct Authority has announced it will consult on changes to its responsible lending rules in an effort to help free ... of mortgage prisoners with the government and the FCA and the ... read more

Rule change to free mortgage prisoners could happen 'fairly quickly'

There is "no reason to hang around" on introducing a new rule that will free up to 140,000 mortgage prisoners ... Under the plans, affordability checks will be relaxed and changed from an "absolute ... read more

Busy lenders' round-up - March 2019

It was reportedly introduced to the disputing parties by Graham Ross, a mediator and online dispute resolution expert, as a free service ... first time buyers UK Finance's Mortgage Trend Updates for ... read more

Mueller’s busy week offers new signs his report is coming soon

On Wednesday, a federal judge handed a second prison sentence to Paul Manafort ... Manafort lawyer Kevin Downing invoked a favorite presidential talking point: that Mueller had revealed no evidence of ... read more

FCA still waiting for more powers to help mortgage prisoners

The problem has emerged because some mortgage prisoners are with lenders that no longer do business and others are borrowers who fall outside of the FCA's control ... Earlier this year we revealed how ... read more

Victory for The Sun and millions of high cost credit customers as FCA reveals plans to cap rip-off rent-to-own interest rates

The City watchdog announced plans to crackdown on ... Your rent, mortgage, council tax and energy bills should be paid first because the consequences can be more serious if you don't pay. Get free ... read more

Interest-only mortgage shortfall 'big problem' for NI

The figures have been revealed after the city regulator, the Financial Conduct Authority (FCA), issued ... endowment and their mortgage, making alternative plans to pay off their home loan with other ... read more

PPI warning! Anti-consumer claims time-bar revealed

PPI mis-selling victims will be subject to a time-bar on claims – as we've been warning over the past few weeks – under plans revealed by the regulator this morning. Anyone who's had a loan, credit ... read more

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