Jump to content


Sign in to follow this  
ukaviator

More protection if your mortgage is sold on

style="text-align:center;"> Please note that this topic has not had any new posts for the last 3637 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

The Government has outlined plans to bring the loans under the scope of the Financial Services Authority (FSA), the City regulator, to ensure borrowers are being treated fairly. Mortgage lenders often package up their loans and sell them on to investors in a process known as securitisation, which enables them to raise money to fund new lending. But concerns have been expressed that borrowers whose mortgages are included in the deals do not have the same protection as those whose loans are still on their original lender's books.

 

The Government also announced plans to bring second-charge mortgages, under which people borrow money secured against their home, and buy-to-let loans under the scope of the FSA. Sarah McCarthy-Fry, the exchequer secretary, said: "Since the onset of the global financial crisis, the Government has worked hard to ensure mortgage borrowers are treated fairly by their banks. Our focus has been to do all we can to make sure people can stay in their homes and to limit repossessions as much as possible.

 

More:

 

More protection if your mortgage is sold on - Telegraph


Some useful links.

FAQ's

Making Posts

Letter Template Library

Bank Contact Details

AQ Guide to Completion

Court Fees

Data Protection non Compliance

Witness Statements for Court Bundle

Banking Code Website

Limitations Act

Fast Track Costs

A-Z Index

Mis-Claim Tutorial

Step By Step Instructions

 

Remember: The Ark was built by amateurs-The Titanic by professionals.

 

Please click my scales if you find my advice helpful !

 

If your claim is successful, please donate 5% so that it can continue to help others.

 

Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.

 

WARNING TO ALL

Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

 

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

YOU CAN NOW COMPLAIN TO THE OFT ABOUT THEIR CONDUCT UNDER THE CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008.

Share this post


Link to post
Share on other sites
Sign in to follow this  

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...