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Interest only Mortgage - sign this petition pls

Hi all. :)

I wonder if I can get a few of you ( I need minimum of 4 more people) to sign my petition in order to get the Interest only Mortgage Mis-selling scam urgently looked into by the Government, firstly by being made more visible on Change. org.

You can view info about it if you copy and pasty the link below:

www.
change.org
/p/theresa-may-mp
-force-banks-to-compensate
-for-selling
-interest-only
-mortgages


Once I get 5 people that site puts it on open public view so your help would be very much appreciated.

And if you have an interest only mortgage, this is also your chance to get something done !

Thank you.

BritGuy:j
«1345

Comments

  • ACG
    ACG Posts: 24,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    What is the scam?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • I for one will not sign it. Don't take and sign finance whether last week or 10 years ago without understanding the risks.

    You'll probably win which will wind me up.

    At some stage people need to take responsibility for their own affairs whether they arranged it or not.
  • mrginge
    mrginge Posts: 4,843 Forumite
    How absolutely hilarious
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    BritGuy wrote: »
    force banks to compensate for selling interest only mortgages

    I had a repayment mortgage why should I be excluded from receiving compensation?
  • mrginge
    mrginge Posts: 4,843 Forumite
    Thrugelmir wrote: »
    I had a repayment mortgage why should I be excluded from receiving compensation?

    Some people don't even have a mortgage. Let's compensate them too.
  • heeeeyyy! I want compensation for all MY bad decisions, dammit!
  • ceecee1
    ceecee1 Posts: 409 Forumite
    100 Posts
    I made a completely rational decision to have an interest only mortgage - I don't think it was mis-sold.

    Why do you think we have all been mis-sold ? For what reason should I get compensation.
  • Torry_Quine
    Torry_Quine Posts: 18,882 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I won't be signing either. Anyone who took out an interest only mortgage was aware that would have to pay off the amount borroweed when the term ended.
    Lost my soulmate so life is empty.

    I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
    Diana Gabaldon, Outlander
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    What is the "scam"? Please post it here so it can be ridiculed.Or would it be too embarrassing for you?
  • Mis-selling has become the new term for not reading what you're signing up to.
This discussion has been closed.
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