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Libor mortgage

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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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  • Edi81
    Edi81 Posts: 1,501 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If anything you benefitted from LIBOR rigging as the banks understated their borrowing costs. 
  • dunstonh
    dunstonh Posts: 119,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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
    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.

    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.
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