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Libor mortgage
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bluebelltime
Posts: 1 Newbie
I had a mortgage directly linked to the Libor rate. Will there be any compensation for the rate rising out of control now it's being investigated
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If anything you benefitted from LIBOR rigging as the banks understated their borrowing costs.0
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Wow, this is a blast from the past. This is long done and dusted. The banks won the attempted court cases by the ambulance chasers.bluebelltime said:I had a mortgage directly linked to the Libor rate. Will there be any compensation for the rate rising out of control now it's being investigated
Plus, they were destined to fail to begin with as the LIBOR manipulation benefitted borrowers.
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.2
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