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does the fsa have any teeth
Sappoo21
Posts: 114 Forumite
does the fsa have any teeth. have put in a complaint about london mortgage co because the wanted to repossess my home the court came out on my side and they said i had to pay £850 and that was all which is hard enough as it is.
but the the lm co are adding arrears fees on top every month. so i put in a complaint to the fsa and 3 weeks later my mortgage co have just said well.
it is the conditions of your mortgage surely the court over rides this ?
what could the fsa do if they could to help me ?
any help gratefully received
regards Lee
but the the lm co are adding arrears fees on top every month. so i put in a complaint to the fsa and 3 weeks later my mortgage co have just said well.
it is the conditions of your mortgage surely the court over rides this ?
what could the fsa do if they could to help me ?
any help gratefully received
regards Lee
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the court came out on my side and they said i had to pay £850
Which is fine.
However, the court didnt tell the lender to stop adding arrears fees. So, they can do this.but the the lm co are adding arrears fees on top every month.so i put in a complaint to the fsa and 3 weeks later my mortgage co have just said well.
it is the conditions of your mortgage surely the court over rides this ?
The FSA dont handle consumer complaints so complaining to them is pointless. the lender is correct in that it is in their terms and conditions and the courts havent prevented them from doing it and the FSA has no grounds to stop them.what could the fsa do if they could to help me ?
Nothing. Helping your breach your contract isnt something the FSA is there for.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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Agree with big D, however I would like to say that the FSA have no teeth!"Banking establishments are more dangerous than standing armies." Thomas Jefferson
"How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen
Debt Apr 2010 £00
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