BoI borrowers could hit advisers with mis-selling claims, Wheatley warns

In a letter to the Treasury Select Committee, the regulator’s chief executive Martin Wheatley (pictured) said many of the affected mortgage contracts were sold by intermediaries. He wrote: "These mortgages were sold at least nine years ago, a large number by intermediaries that were unregulated at the time. Our ability to seek this information or take action is therefore very limited. "Customers concerned have the right to complain to the firm, to the intermediary that sold the product and, in most cases, to the Financial Ombudsman Service." He confirmed while sales took place in a...