Tens of thousands of mortgage prisoners could be freed as FCA looks to relax lending rules

potatoefeet66

If lender had their side of story they had opportunity, but rather declined to comply with a rectification request under the DPA. Again forcing customer to take action to get misleading and inaccurate data corrected or removed.

They certainly don’t want this issue to break cover but they know it David v Goliath. This may well be one off but then what’s the harm in correcting their errors. Only when someone like Mr Lewis with sense of justice gets involved do they put things right. I know this has caused an family immense pressure and stress resulting in 28 weeks of NHS mental health counselling for the customer. Life lesson 2 treat customers fairly.

TrickyDicky101

potatoefeet66 wrote: »

If lender had their side of story they had opportunity, but rather declined to comply with a rectification request under the DPA. Again forcing customer to take action to get misleading and inaccurate data corrected or removed.

They certainly don’t want this issue to break cover but they know it David v Goliath. This may well be one off but then what’s the harm in correcting their errors. Only when someone like Mr Lewis with sense of justice gets involved do they put things right. I know this has caused an family immense pressure and stress resulting in 28 weeks of NHS mental health counselling for the customer. Life lesson 2 treat customers fairly.

Are you commenting in the right thread? Your post does not seem to relate to the FCA's new guidance.

CharlotteJT

For someone that has come to the end of their interest-only mortgage term and previously looked to remortgage to a repayment plan but failed affordability checks (so house is now currently on the market), does this mean that I could remortgage if the rules are relaxed (never been in arrears or missed any payments)?

Thrugelmir

CharlotteJT wrote: »

For someone that has come to the end of their interest-only mortgage term and previously looked to remortgage to a repayment plan but failed affordability checks (so house is now currently on the market), does this mean that I could remortgage if the rules are relaxed (never been in arrears or missed any payments)?

Potentially there maybe options. Though you need to formulate a plan for your own future.