Mortgages: Misrepresentation

(asked on 21st February 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has made with the Financial Ombudsman Service on support for people who have been missold a shared appreciation mortgage.


Answered by
Bim Afolami Portrait
Bim Afolami
Economic Secretary (HM Treasury)
This question was answered on 28th February 2024

The Financial Ombudsman Service (FOS) has received a number of complaints from people who purchased shared appreciation mortgages and are alert to the issues involved.

Any borrower that feels they have been mis-sold a shared appreciation mortgage should bring their complaint to the FOS, which can provide arbitration in such cases.

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