New debt fears

British consumers are being handed even more generous credit card deals than those on offer before the recession, new research has shown. Despite warnings of a potential double dip recession, banks are presenting struggling  customers with offers of cheaper debt than they made available before the 2007 economic  crash. Experts warned that Britain could face [...]

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Banks put customers in desperate poverty

High Street banks have been accused of leaving some customers in “dire poverty” after taking money out of their accounts without permission. For help with Mis Sold Mortgage Compensation please take the mis sold mortgage test Banks can move cash between different accounts belonging to the same person, and only have to tell them afterwards. The [...]

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One million homeowners unable to achieve sale in past year

One and a half times as many homeowners were unable to sell properties during the last 12 months as those who successfully moved house, according to new figures. For help with Mis Sold Mortgage Compensation please take the mis sold mortgage test 1.1m homeowners tried to sell their house but failed in the past year There [...]

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FSA fines an Essex-based network

Mis-sold Mortgage Claims. The FSA has fined an Essex-based network director for putting customers at risk of receiving unsuitable advice on payment protection insurance (PPI). David Head, of mortgage and insurance broker network FT Compliance Services (FTCS), has been fined £10,500 for failing to  properly supervise insurance brokers with links to an individual previously disciplined [...]

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11,000 complaints A DAY

Britain’s biggest High Street banks have been swamped by a staggering 11,000 complaints a day from angry customers. For help with Mis Sold Mortgages and Buy to Let or Sub Prime Mortgage Compensation please take the mis sold mortgage test The sheer scale of the shabby customer service doled out by the ‘big six’ banks was [...]

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Long mortgages with sting in the tail

They are billed as a painless new way to spread the cost of buying a home. But experts warn the introduction of 40-year mortgage terms may end up almost doubling your debts  -  and leave you struggling to pay the bills well into your 70s. For help with Mis Sold Mortgages and Buy to Let [...]

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Credit card debt hitting banks

Banks have written off a record amount of credit card debt despite charities reporting a fall in the proportion of calls from worried borrowers. For help with Mis Sold Mortgages and Buy to Let or Sub Prime Mortgage Compensation please take the mis sold mortgage test Figures from the Bank of England show that the amount [...]

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Should you fix your mortgage rate?

It pays to do the maths before switching from a variable rate mortgage. For help with Mis Sold Mortgages and Buy to Let or Sub Prime Mortgage Compensation please take the mis sold mortgage test If you’re one of the two million people in Britain currently sitting on their lenders’ standard mortgage rate, it can seem [...]

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Can I reclaim bank charges in 2011?

It has been an eventful year when it comes to bank charges: a High Court and Appeal Court case was won on behalf of the consumer, but banks had the last laugh with a shock Supreme Court victory. The good news is that you may be able to reclaim your bank charges despite the banks’ [...]

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FSCS braces for mortgage claims as payouts hit £21bn

The Financial Services Compensation Scheme (FSCS) says it expects an influx of claims against mortgage brokers in 2009/10  after banking failures saw it pay out more than £21bn in total in the last financial year. For help with Mis sold Mortgages and Buy to Let or Sub Prime Mortgage Compensation please take the Mis-sold Mortgage [...]

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