Home > Legal Articles > Interest-only mortgages may be ticking time-bomb

Topic: FSA


  • Paul Stubbs - Litigation
    Interest-only mortgages may be ticking time-bomb
    by

    The Financial Conduct Authority has raised concern that around 260,000 home owners with interest only mortgages with a repayment due date before 2020 are not making any or any sufficient financial plan to repay the loan.   With around 6 years to go before such mortgage repayments have to be made, there is a call for… Learn more

  • Paul Stubbs - Litigation
    Interest Rate Swap – Judicial Review?
    by

    A great number of potential litigants adversely affected by the interest rate swap scandal were eagerly awaiting the FSA’s report into the bank’s activities but most were sorely disappointed the FSA did not give a clear green light for claims to proceed.  There has been much discussion as to where the report leaves potential Claimants,… Learn more

  • Paul Stubbs - Litigation
    Libor Rate Still ‘Not Clean’
    by

    Photo Credit: Stuck in Customs via Compfight cc BBC news is reporting today that a top US regulator has told the broadcaster the Libor rate was often ‘completely made up’ and there is a ‘lot more work to do’. Mr Gensler is in the UK as the chairman of the Commodities Future Trading Commission and is… Learn more

  • Paul Stubbs - Litigation
    Up to 100,000 firms could have been mis-sold interest rate swaps
    by

    Last week we provided an update on the Financial Services Authority’s review into the mis-selling of interest rate swap agreements. Business Secretary Vince Cable has now said up to 100,000 firms could have been mis-sold interest rate swaps and UK lenders are expected to face a compensation bill of at least £1 billion as a… Learn more

  • Paul Stubbs - Litigation
    FSA launches anticipated report on the interest rate swap redress scheme.
    by

    The FSA has today published it’s much anticipated report on the interest rate swap redress scheme. The report confirms the FSA’s initial findings that there was significant mis-selling of interest rate hedging products.  On a review of 173 sales to ‘non-sophisticated’ customers from across four banks it was found 90% of the sales did not… Learn more

  • Paul Stubbs - Litigation
    The Financial Services Authority Redress Scheme
    by

    The Financial Services Authority (FSA) will this week be publishing the long awaited results on the interest rate swap redress scheme. It is anticipated the FSA will announce the results onThursday 31 January 2013 confirming the redress to be provided to small businesses that were mis-sold interest rate swap agreements by banks. The FSA redress… Learn more

  • Mis-sold Card Protection by CPP or your bank?
    by

    The beleaguered financial services sector is facing another potential mis-selling scandal, with the news that 4.4 million people may have been mis-sold ‘Card Protection’ by CPP or through their bank. An FSA investigation has revealed the extent of this latest scandal, which has made millions of pounds’ profit for CPP for selling insurance for a… Learn more


Map and pin icon
Sign up to our newsletter