We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
MSE News: Seven-day mortgage switching proposed in Government consultation
MSE_Luke
Posts: 295 MSE Staff
Plans to give homeowners the option of switching their mortgage provider within just one week are being considered...
Read the full story:
'Seven-day mortgage switching proposed in Government consultation'
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
'Seven-day mortgage switching proposed in Government consultation'
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
0
Comments
-
Very silly. Switching a mortgage involves taking a legal charge on the property and lending a huge amount of money. I doubt many lenders are willing to risk rushing that through.Changing the world, one sarcastic comment at a time.0
-
If they didn't regulate everything to death the process would be swifter anyway.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I have had questions like:
"Are your parents going to live in the house?"
"You must promise to make your parents leave the house."
My solicitor could not believe it either.
Try streamlining that into seven days.0 -
A suggestion made without serious thought. Process could be better. Though is current speed that much of an issue?0
-
Have the government forgotten the 7 day reflection period brought in under the MCD?
How will a 7 day switch be achieved when that is the full length of the reflection period from offer?
I like the sentiment, but it is mis-placed, not just for this reason.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards