City regulator suggests making it easier to shop around could save 1 in 3 borrowers £550 a yearPlans to make it easier for mortgage borrowers to shop around have been proposed by the City regulator, after it found nearly one in three people fail to find the cheapest deal.The Financial Conduct Authority (FCA) said these people could have saved £550 per year with a lower-priced deal. It is also exploring ways to help “mortgage prisoners” – longstanding customers who are trapped in their existing deal – to switch. Continue reading…
Source : theguardian.com
Read more…UK buyers need more help to find cheaper mortgage deals, says FCA















