Dozens of mortgage lenders have agreed common standards to help up to 10,000 borrowers who are stuck on their existing deal - but 10,000s more so-called 'mortgage prisoners' will be left stranded.
Forty per cent of mortgage products are now fee-free, according to data released this week – but simply taking a no-fee mortgage rather than considering the overall cost could leave you overpaying by £100s a year.
The Financial Conduct Authority has been accused of having no "sense of urgency" as it grapples with how to help 30,000 so-called 'mortgage prisoners' who have been told they can't afford to switch to a cheaper deal.
The Financial Conduct Authority has announced it wants to find new ways to help 30,000 so-called 'mortgage prisoners' who have been told they 'can't afford' to switch to cheaper deals, in a big step forward for consumers driven by MoneySavingExpert.com's campaigning.
TSB has stopped accepting new mortgage applications from existing customers for up to six weeks while it updates its IT systems, MoneySavingExpert.com can reveal.
One of the UK's biggest mortgage brands mistakenly flagged some borrowers' payments as late over a five-year period, potentially harming their credit scores without them knowing, MoneySavingExpert.com can reveal.
More than 90% of homeowners who are part of the Support for Mortgage Interest scheme face losing up to £5,000 a year within weeks when the benefit is replaced by a loan – if you're affected, you must act NOW.
20 March 2018
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