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The FCA’s mortgage contract consultation – an infographic

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  • 09/07/2014
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This week the Financial Conduct Authority released the DP 14/2 discussion paper looking into the fairness of changing mortgage contracts mid-term.

The paper follows recent controversies which have seen lenders such as Bank of Ireland and West Bromwich Building Society raising the differential on their tracker rate mortgages.

The FCA has released two easy-to-understand infographics summarising the key issues under consideration.The consultation ends on 30 September 2014.

Fot the full paper, click HERE.

The first assesses the potential change from a consumers’ point of view:

infographic2-1

The second infographic looks from the viewpoint of the firm: 

infographic1-1

Note: Estoppel is a legal bar which precludes someone from denying the truth of a fact which has been determined in an official proceeding or by an authoritative body.

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