UK Mortgage Prisoners Action Group says the Bank of England’s base rate hike announced earlier today could increase members’ average mortgage rates to 7.14% or more. The BoE upped the base rate by 75 basis points to 3%, which marks the biggest since 1989 and the eighth time the bank has hiked rates. The UK Mortgage
Santander has dropped its judicial review at the high court against the Financial Ombudsman Service (FOS) to review mortgage overcharges. The review aimed to prevent the FOS from accessing historic standard variable rate (SVR) variations more than six years before a mortgage complaint was lodged. Quanta Law, who
Catch up on Money Marketing's popular stories this week, as the country and the industry react to last week's mini budget. Read below for more. Government repeals reforms to the IR35 rules Chancellor Kwasi Kwarteng has repealed the changes to the IR35 rules introduced from 2017 to 2021. IR35 came into effect for
Mortgage prisoners could be facing rates of 9% and above in the current economic climate, according to the UK Mortgage Prisoners lead campaigner Rachel Neale.
Mortgage prisoners could be facing rates of 9% and above in the current economic climate, according to the UK Mortgage Prisoners lead campaigner Rachel Neale. In a letter sent today, Neale has urged the Financial Conduct Authority (FCA) and government to enforce non-lenders who choose not to lend to offer fairer