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    • MSE Eesha
    • By MSE Eesha 3rd Jan 17, 12:22 PM
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    MSE Eesha
    What Brexit means for your finances in 2017
    • #1
    • 3rd Jan 17, 12:22 PM
    What Brexit means for your finances in 2017 3rd Jan 17 at 12:22 PM
    This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.

    Read Martin's "What Brexit means for your finances in 2017" Blog.

    Please click 'post reply' to discuss below.
Page 1
    • phillw
    • By phillw 16th Jan 17, 7:01 PM
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    phillw
    • #2
    • 16th Jan 17, 7:01 PM
    • #2
    • 16th Jan 17, 7:01 PM
    "How will this affect ‘mortgage prisoners’ due to the EU Mortgage Credit Directive?"

    I'm surprised nothing has happened on this.

    http://www.moneysavingexpert.com/news/mortgages/2015/12/regulator-and-eu-blame-each-other-over-mortgage-prisoner-rules

    My understanding is that the EU is saying that it's UK law that is the problem and as the EU mortgage credit directive is just a bunch of suggestions to protect consumers, then it may well be true.

    http://eur-lex.europa.eu/legal-content/en/ALL/?uri=CELEX:32014L0017

    So, why did the government not just get in writing that the EU doesn't expect the UK to create mortgage prisoners and change the law now?
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