Whist it is heartening to see that large sums are being ear marked by the large lending institutions to compensate borrowers who were sold unsuitable PPI, the plethora of Claims Management Companies continues to multiply.
Financial Umbrellas
With April 2012 being a month of continuous rain the need for a good strong, trusty umbrella was never more evident.
The well known analogy of lenders offering their borrowers an umbrella when the sun is shining but taking it away when the rain begins was never more true this month, as most of the High Street mortgage lenders reviewed their stance on interest only mortgages.
BBC Money News Feed
- House market back in the doldrums 8th May 2012
- House prices 'fluctuate widely' 4th May 2012
- 'Spring bounce' for house sales 24th April 2012
- Mortgage dash to beat stamp duty 23rd April 2012
- Mortgage rates rise for new deals 20th April 2012