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Take Care When Buying Mortgage Insurance

Currency and Trading / Wealth Building

Aplus Legal Advice  |  2022.08.25 17:04  |  812 views

In 2005 the Financial Services Authority (FSA) began investigating the payment protection insurance sector and subsequently handed out fines to several well known firms on the high street for mis-selling payment protection products. Recommendations were made for selling the cover and some changes for the better have been seen, however recently the FSA handed out a fine not only to a firm, but also the Chief Executive for failing to follow the proper procedures when it came to selling mortgage insurance.



Take Over Mortgage

Currency and Trading / Wealth Building

Aplus Legal Advice  |  2022.08.25 16:41  |  648 views

The loan known as a take over mortgage is designed so that the conditions and terms of a loan can change hands between two borrowers. That's to say, one borrower can transfer the mortgage to a new borrower. Its also called an assumable loan



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