MSE News: Got mortgage problems? Get help early, Ombudsman says

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Former_MSE_Darryl
Former_MSE_Darryl Posts: 210 Forumite
edited 14 May 2014 at 6:05PM in Debt-free wannabe
"Record numbers of people are complaining to the Financial Ombudsman Service about mortgages – but it says people in trouble need to see help earlier if they get into money troubles...."
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Got mortgage problems? Get help early, Ombudsman says

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  • Consumerist
    Consumerist Posts: 6,310 Forumite
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    I think the Ombudsman is probably looking at mortgage difficulties through rose-tinted glasses. Like all regulators, he seems to think that lenders will help customers through difficult times but I think that may only be the case where the help works in the lenders' interests.

    That said, I also think that some borrowers in the past have looked at their financial situation through rose-tinted glasses. Hopefully, the new mortgage rules will weed out unrealistic mortgage applications and confine future difficulties to those in genuine need e.g. through job loss.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
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