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‘Mortgage prisoners could have saved thousands of pounds’ – Star Letter 18/01/2019

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  • 18/01/2019
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‘Mortgage prisoners could have saved thousands of pounds’ – Star Letter 18/01/2019
Each week Mortgage Solutions and its sister title Specialist Lending Solutions select the most thoughtful or thought-provoking comment for Star Letter.

 

This week’s top contribution is from Mark Hayman for his response to the article: FCA will not ‘hang around’ on mortgage prisoners affordability consultation – Bailey.

Hayman asked whether there are plans to financially compensate the mortgage prisoners.

He said: “What plans if any will be put in place to financially compensate the individuals who have been forced to pay high SVR’s for many years.

“They could have saved thousands of pounds if they had a rate choices during this time,” he added.

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