{"id":123499,"date":"2021-11-30T00:48:44","date_gmt":"2021-11-29T17:48:44","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urges-lenders-to-support-uks-47000-mortgage-prisoners\/"},"modified":"2021-11-30T01:03:40","modified_gmt":"2021-11-29T18:03:40","slug":"fca-urges-lenders-to-support-uks-47000-mortgage-prisoners","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urges-lenders-to-support-uks-47000-mortgage-prisoners\/","title":{"rendered":"FCA urges lenders to support UK\u2019s 47,000 \u2018mortgage prisoners\u2019"},"content":{"rendered":"


\nRegulator asks banks and building societies to offer support to borrowers unable to switchBanks and building societies have been urged to consider changes to lending criteria to help an estimated 47,000 borrowers who could benefit from a cheaper home loan but are currently unable to move.A review of \u201cmortgage prisoners\u201d by the Financial Conduct Authority found there were about 195,000 households whose debts had been sold on to inactive lenders and that a quarter of them could save money if they were allowed to switch to a new deal. Continue reading…
\n
\nSource : theguardian.com
\nRead more…FCA urges lenders to support UK\u2019s 47,000 \u2018mortgage prisoners\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Regulator asks banks and building societies to offer support to borrowers unable to switchBanks and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123499","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-w7V","jetpack-related-posts":[{"id":102858,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-rules-on-switching-aim-to-help-mortgage-prisoners\/","url_meta":{"origin":123499,"position":0},"title":"New rules on switching aim to help \u2018mortgage prisoners\u2019","date":"January 10, 2019","format":false,"excerpt":"\r FCA seeks respite for thousands of borrowers locked into deals with inactive lenders\r \r Source : ft.com\r Read more...New rules on switching aim to help \u2018mortgage prisoners\u2019","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149990,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/santander-eases-mortgage-rules-so-it-can-lend-up-to-35000-more\/","url_meta":{"origin":123499,"position":1},"title":"Santander eases mortgage rules so it can lend up to \u00a335,000 more","date":"March 28, 2025","format":false,"excerpt":"\r Bank cuts its stress testing rate for home buyers after FCA urged lenders not to be \u2018unduly restricting\u2019Business live \u2013 latest updatesOne of the UK\u2019s largest mortgage lenders has relaxed its rules and will offer some borrowers up to \u00a335,000 more to fund their home purchases.Santander said it had\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/city-watchdog-asks-banks-how-they-will-support-mortgage-borrowers\/","url_meta":{"origin":123499,"position":2},"title":"City watchdog asks banks how they will support mortgage borrowers","date":"September 30, 2022","format":false,"excerpt":"\r Talks held between FCA and lenders over concern millions could struggle to afford higher paymentsLive coverage of the economic crisisThe current economic jargon explainedThe City watchdog is asking banks how they plan to step in and support struggling mortgage borrowers, as lenders such as Virgin Money relaunch home loans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2855,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-warns-against-self-cert-mortgages-from-overseas-lenders\/","url_meta":{"origin":123499,"position":3},"title":"FCA warns against self-cert mortgages from overseas lenders","date":"January 27, 2016","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-of-borrowers-with-mortgage-arrears-could-get-compensation\/","url_meta":{"origin":123499,"position":4},"title":"Thousands of borrowers with mortgage arrears could get compensation","date":"October 19, 2016","format":false,"excerpt":"\r FCA review finds lenders mistakenly collected arrears payments twice from 750,000 customersAround 750,000 struggling mortgage borrowers could be due compensation after the City regulator found lenders had made mistakes in the way arrears were collected.A review by the Financial Conduct Authority looked at how lenders were treating borrowers who\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87089,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-buyers-need-more-help-to-find-cheaper-mortgage-deals-says-fca\/","url_meta":{"origin":123499,"position":5},"title":"UK buyers need more help to find cheaper mortgage deals, says FCA","date":"May 4, 2018","format":false,"excerpt":"\r City regulator suggests making it easier to shop around could save 1 in 3 borrowers \u00a3550 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\u2026","rel":"","context":"In "Property 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