Mortgage market gets complicated: Belfast Telegraph » Paul Gosling

One of the UK’s largest mortgage lenders, the Skipton Building Society, has just raised its standard variable rate substantially – from 3.5% to 4.95%. This increases repayments on an interest only mortgage rise by about 40%. … there are clear grounds for believing that there is an error in the way the debt was calculated; that the person billed is actually liable for the debt; or that the bill is for a service, such as payment protection insurance , that was mis-sold. …

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Mortgage market gets complicated: Belfast Telegraph » Paul Gosling