Thursday, 16 August 2012

Clampdown on 'unfair' charges on bridging loans

Borrowers who took a regulated bridging loan, but were hit with higher charges than were originally quoted, should be able to claim some of their cash back. The Financial Services Authority has promised to clamp down on charges that are "unclear, unfair and misleading". It has already told some lenders to pay back this hidden [...]

http://belgraviacommercial.co.uk/clampdown-on-unfair-charges-on-bridging-loans/

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