About That Tracker Mortgage


The Financial Regulator’s new Code of Conduct on Mortgage Arrears is designed, among other things, to protect mortgage holders from having their homes repossessed or being switched from tracker mortgages onto expensive variable rates. No bad thing, with more than 36,000 people way behind on their mortgage payments right now.

Some however want the code diluted, claiming that mortgage holders will abuse it, concocting spurious excuses to delay the repossession of their homes.

Guess who.


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