Thousands of "mortgage prisoners" who are
paying high borrowing rates but are unable to switch to better deals should be
given more help, the UK's financial regulator has said. These homeowners took
out mortgages before new, stricter rules on affordability were brought in. The
Financial Conduct Authority (FCA) also said about 30% of borrowers failed to
find the cheapest mortgage deal. However, it said competition in the market
worked well for many people. The FCA's comments came in an interim report into
the mortgage market. Read more on the BBC website.
‘Ludicrous’ plan to build skyscraper over Georgian Birmingham building
rejected
-
Councillors unanimously refuse permission for 42-storey block of flats on
top of former residence and hospital
Councillors in Birmingham have unanimously...
21 hours ago
No comments:
Post a Comment