pjw Posted May 16, 2013 Share Posted May 16, 2013 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. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted May 16, 2013 Share Posted May 16, 2013 Nobody is forced to borrow money. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted May 16, 2013 Share Posted May 16, 2013 How can it contravene human rights? Doesnt one of the nordic countries actually make EVERYONEs income figures publicly available. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted May 16, 2013 Share Posted May 16, 2013 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 Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted May 16, 2013 Share Posted May 16, 2013 ******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. Quote Link to comment Share on other sites More sharing options...
R K Posted May 16, 2013 Share Posted May 16, 2013 (edited) 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 May 16, 2013 by R K Quote Link to comment Share on other sites More sharing options...
MongerOfDoom Posted May 16, 2013 Share Posted May 16, 2013 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. Quote Link to comment Share on other sites More sharing options...
dpg50000 Posted May 16, 2013 Share Posted May 16, 2013 (edited) 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. Edited May 16, 2013 by dpg50000 Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted May 16, 2013 Share Posted May 16, 2013 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. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted May 16, 2013 Share Posted May 16, 2013 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....?.... Quote Link to comment Share on other sites More sharing options...
eric pebble Posted May 16, 2013 Share Posted May 16, 2013 (edited) 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 May 16, 2013 by eric pebble Quote Link to comment Share on other sites More sharing options...
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