Property News · January 27, 2016

FCA warns against self-cert mortgages from overseas lenders


Borrowers will have no UK protection if things go wrong, cautions regulator, just days after launch of Selfcert.co.uk in Czech RepublicThe City watchdog has issued a warning to people considering taking out a self-certification mortgage from a company based outside the UK.Days after a new lender based in the Czech Republic started touting for business in the UK, attracting interest from thousands of self-employed borrowers, the Financial Conduct Authority has stepped in. Continue reading…

Source : theguardian.com
Read more…FCA warns against self-cert mortgages from overseas lenders