{"id":130094,"date":"2022-09-30T20:24:29","date_gmt":"2022-09-30T13:24:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/city-watchdog-asks-banks-how-they-will-support-mortgage-borrowers\/"},"modified":"2022-09-30T20:38:50","modified_gmt":"2022-09-30T13:38:50","slug":"city-watchdog-asks-banks-how-they-will-support-mortgage-borrowers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/city-watchdog-asks-banks-how-they-will-support-mortgage-borrowers\/","title":{"rendered":"City watchdog asks banks how they will support mortgage borrowers"},"content":{"rendered":"


\nTalks 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 at higher rates following a spate of withdrawals sparked by this week\u2019s market meltdown.Supervisors at the Financial Conduct Authority (FCA) have been holding talks with lenders to understand how their mortgage customers are faring and the kind of options that are on the table that would give struggling homeowners some breathing space. Continue reading…
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\nSource : theguardian.com
\nRead more…City watchdog asks banks how they will support mortgage borrowers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Talks held between FCA and lenders over concern millions could struggle to afford higher paymentsLive...<\/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-130094","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-xQi","jetpack-related-posts":[{"id":123499,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urges-lenders-to-support-uks-47000-mortgage-prisoners\/","url_meta":{"origin":130094,"position":0},"title":"FCA urges lenders to support UK\u2019s 47,000 \u2018mortgage prisoners\u2019","date":"November 30, 2021","format":false,"excerpt":"\r Regulator 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\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":130094,"position":1},"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":130094,"position":2},"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":132486,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hunt-to-urge-banks-to-aid-mortgage-borrowers-amid-cost-of-living-crisis\/","url_meta":{"origin":130094,"position":3},"title":"Hunt to urge banks to aid mortgage borrowers amid cost-of-living crisis","date":"December 7, 2022","format":false,"excerpt":"\r Exclusive: Chancellor to meet heads of UK\u2019s major lenders and consumer champion Martin Lewis on WednesdayUK politics live \u2013 latest news updatesThe chancellor will urge the UK\u2019s largest banks to do all they can to support those struggling to pay their mortgage during the cost-of-living crisis when he holds\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-borrowers-risk-losing-homes-warns-watchdog\/","url_meta":{"origin":130094,"position":4},"title":"Interest-only borrowers risk losing homes, warns watchdog","date":"January 31, 2018","format":false,"excerpt":"\r Regulator says many of 1.67m mortgage holders face large shortfall with some ignoring problemThe City regulator has sounded an alarm about the \u201csignificant numbers\u201d of people with interest-only mortgages who may be in danger of losing their homes.The Financial Conduct Authority (FCA) said many interest-only borrowers could face a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-pressures-will-not-tip-uk-into-wave-of-repossessions-fca-says\/","url_meta":{"origin":130094,"position":5},"title":"Mortgage pressures will not tip UK into wave of repossessions, FCA says","date":"June 23, 2023","format":false,"excerpt":"\r After a meeting between Jeremy Hunt and bankers at No 10, Nikhil Rathi says there will be \u2018no repeat\u2019 of 2008Mounting mortgage pressures will not tip Britain into the tidal waves of repossessions witnessed in recent financial crises, the head of the City watchdog insisted after an emergency meeting\u2026","rel":"","context":"In "Property 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