Category Archives: Mortgage Mis-selling
The biggest mis-selling scandals of the last 20 years
Over the last few years consumer faith in banks has been almost non-existent. Since the credit crunch hit back in 2007 and details emerged of bankers’ bonuses and astronomical pay there’s been a general consensus that banks exist to serve themselves, rather than to offer a service to consumers.
Will banks ever win back consumer confidence?
It’s been a pretty poor few years for banks. As well as being brought to their knees financially by the economic crisis, with many having to restructure or merge with others to avoid collapse, it’s also been a disastrous year for their reputations. Indeed the financial services industry has been hit by so many scandals [...]
Great Growth for 2012 – HSBC Approve over 15,000 FTB Mortgages
In the beginning of 2012, HSBC announced they would be making a minimum of £15billion worth of mortgages available to UK homeowners, with a specific £3bn provisioned for first-time buyers (FTB). Come the end of March 12, just under £5bn worth of mortgages had already been approved by HSBC for borrowers within the UK with [...]
Mortgages fees increase as brokers feel the pain of lender’s strategies!
As the payment shock for many borrowers continues with high SVR’s, lower interest rates on mortgages are often not what they may seem. It has been reported that the cost of ‘arrangement fees’ charged by lenders and associated with buying a mortgage, have increased by as much as 30 per cent over the last three [...]
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