The Office of Fair Trading has criticised a loan broker after receiving a series of complaints from unhappy customers. The complaints were made about Yes Loans, and the complaints related to the fact that many consumers were given the impression that YES was a lender and not a broker. (more…)
Posts Tagged ‘OFT’
Yes Loans criticised by OFT
Saturday, August 8th, 2009
Help needed for homebuyers states OFT
Friday, October 17th, 2008Officials from the Office of Fair Trading have stated that more help is needed for homebuyers in the UK from house builders. Following an investigation by the OFT, house builders are to set up a new code of conduct to address issues relating to dissatisfied customers. The investigation showed that many home buyers had experienced problems with the property or delays in terms of moving into the property, although it did describe the sector as still being ‘broadly competitive’. (more…)
Sale and rent back schemes to be investigated by OFT
Tuesday, August 5th, 2008Defaults of mortgage repayments have been rocketing over recent months, with many families facing severe financial hardship. With rising energy bills, soaring petrol prices, increased food prices, high borrowing costs, tighter credit conditions, and below inflation wage rises, many families cannot make ends meet each month, and for many this is resulting in missed mortgage repayments. Of course, this could eventually end in repossession, and many families have become desperate to find a way to keep the roof over their heads. (more…)