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Fca Invasive Database On Borrowers

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How can it contravene human rights? Doesnt one of the nordic countries actually make EVERYONEs income figures publicly available.

******ing barbarians

And to think we've had uproar about spouses knowing their partners earnings for child Ben. We're so civilised in comparison

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******ing barbarians

And to think we've had uproar about spouses knowing their partners earnings for child Ben. We're so civilised in comparison

http://www.newser.com/story/30381/whats-your-salary-in-sweden-its-no-secret.html

Not sure what the problem is myself, wonder if they have very low rates of benefit fraud in Sweden.

My guess is it isnt against human rights, it would just upset the Grant Bovey types.

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Bankers (I mean Dave) want out of the tiresome human rights legislation for reasons just like this.

Since there's zero difference between a creditor and a debtor by extension all depositors must also disclose the same information.

Edited by R K

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See http://www.telegraph...sonal-data.html

The FCA wants to compile a database that it admits contravenes human rights on mortgage borrower's incomes, bonuses, childcare commitments, outstanding loans and credit, etc. I hope they don't expect me to submit any of this.

All that data is already available to the state, and they want to use for a beneficial purpose. What is the problem again?

A better solution would be to get the HMRC to tax any income declared on a mortgage application that is in excess of the applicant's taxed income.

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All that data is already available to the state, and they want to use for a beneficial purpose. What is the problem again?

A better solution would be to get the HMRC to tax any income declared on a mortgage application that is in excess of the applicant's taxed income.

That is a brilliant idea. Makes you wonder why they haven't already done it. Oh yeah, 'cos they all have a vested interest in high house prices.mad.gif

Edited by dpg50000

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Yes, ive often thought for the self cert lot, its pretty easy to catch them out. If their self cert application or tax return dont match up, theyre either guilty of mortgage fraud or tax evasion, you choose.

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See http://www.telegraph.co.uk/finance/personalfinance/10062273/FCA-regulator-to-collect-and-share-mortgage-borrowers-personal-data.html

The FCA wants to compile a database that it admits contravenes human rights on mortgage borrower's incomes, bonuses, childcare commitments, outstanding loans and credit, etc. I hope they don't expect me to submit any of this.

..aren't these declared on each mortgage application form ...or are they all just lies....?.... :rolleyes:

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Now that's a good idea. They can also go through the self cert mortgages for the last 7 years and charge income tax on those declarations

Yup.....

Now that's a good idea. They can also go through the self cert mortgages LIAR LOANS for the last 7 15 years and charge income tax on those declarations

Edited by eric pebble

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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