Friday, January 29, 2010

More pressure…

Thousands of homeowners set for big mortgage refunds

''More than 80,000 homeowners in mortgage arrears could receive millions of pounds compensation for unfair charges, an investigation by Times Money has discovered. Customers of Bradford & Bingley, the Derbyshire and Cheshire building societies and a number of other specialist lenders, such as Kensington and Morgan Stanley, could be due refunds of late-payment fees after a crackdown by the Financial Services Authority (FSA).''

Posted by hpwatcher @ 12:42 PM (3529 views)
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3 thoughts on “More pressure…

  • tyrellcorporation says:

    80,000, people getting refunds. That’s nice for those 80,000 but it’ll put the wind up lenders yet again and they’ll price in this risk on future products. Win today maybe but lose tomorrow.

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  • mark wadsworth says:

    Yup, the Home-Owner-Ists are really lashing out, and the government (who writes the laws to suit itself) is helpfully tying their opponents’ hands behind their backs.

    It seems perfectly fair to the average Daily Mail/Mirror etc. reader that “those hard working families who have invested in their own future are Far More Deserving than the evil banks”.

    Until 2007, the property bubble was largely because of the banks – now it is despite them. But you’ll never hear a Home-Owner-Ist expressing his gratitude to the banks for enabling them to make those huge paper gains (I personally am very grateful to the banks for helping me makes realised capital gains, maybe that’s why I’m not an instinctive bank-basher?)

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  • Wandsworth, you spew nothing but elitist claptrap.

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