Age discrimination-Bank counts the cost

After the Financial Ombudsman Service ruled that the Co-operative Bank had discriminated against a borrower on his age it was forced to change its lending policy. They also had to pay the customer £500 compensation plus the costs he incurred after having to switch to another lender. 59 year old Peter Day applied to the Co-op Bank to extend […]

Is it in your interest to overpay on your mortgage

Many people consider paying more off their mortgage each month, and for lots of people it works. But before you do you should consider the following: Overpayment penalties Many lenders, not all, will punish those who try and repay quicker than agreed. This is because they want you to stay with them, especially once the […]