Here once again is our weekly heads-up on the stories that may have caught your clients' attention over the weekend...
'Porting problems' Some banks and building societies are making it difficult for all borrowers to keep their mortgage when they move house in a crude tactic to weed out customers they no longer want, wrote the Sunday Telegraph. According to the paper, a number of major lenders including HSBC and Barclays, keen to purge borrowers on very low rates, older borrowers and those they no longer deem credit worthy, are unfairly applying new affordability rules to refuse porting requests. MORE...
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