Mortgage holders who owe more than they previously thought due to a lender error may get the shortfall written off if they complain, the Financial Ombudsman Service says.
Yorkshire and Clydesdale Bank mortgage holders who face payment hikes due to their lender's error have been given hope of getting cash back, following two success stories.
Millions of victims of debt insurance mis-selling, who may not even realise they've been wronged, could be offered compensation, if lenders follow tough new rules laid down today.
Taxpayer-backed Lloyds Banking Group has axed the sale of controversial debt insurance across all its brands in a landmark move, MoneySavingExpert.com can reveal.
Mortgage lenders have been banned from hitting borrowers behind on payments with punitive charges if they have already set up a payment plan to clear any arrears.
25 June 2010
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