SELL YOUR HOME QUICKLYSmall victory for consumers over bank charges – but no payout expected
The man on the street won a small victory over the UK’s biggest banks after the High Court ruled that high overdraft fees may be declared unfair.
The court case was prompted by hundreds of thousands of bank customers who have tried since 2006 to reclaim their overdraft charges on the grounds that they were too high, and as a result, unfair.
Despite the victory, the judge warned that claimants should not expect an automatic pay-out, as the case may be delayed by more hearings. However, the decision paves the way for a further hearing in which the court will decide whether the charges are unfair and, if so, what a fair charge should be.
Bad news continues on the property market
Back on the property market, it has come to light that 60 percent of mortgage lenders have failed to cut their standard variable rate, nearly two weeks after the Bank of England's base rate cut.
This means that prospective homeowners and those looking to refinance are unlikely to get any relief on the mortgage rate front. And it’s not looking any better for those wanting a private property sale. According to the National Association of Estate Agents, house sales through estate agents are down by 50%, while the number of Britons approved for a home loan has collapsed by a shocking 46%.
Looking for a private sale? Contact MPG!
MPG Investments, the UK’s private property sale experts, will buy your house for cash in only 7 days. You don’t have to live with a mountain of debt any more. Sell your house to MPG today and start building a debt-free future tomorrow.
More articles people found useful:
- Private Sale
- Private property sales: Questions and Answers
- Private Sale: Cut out the middleman
- Can private property sales save you money?
- Private property sale vs selling through estate agents
- MPG private house sales
- Looking to secure a fast, private property sale?
- The ultimate property selling solution
- The disadvantages of a private property sale
- Compare you home-selling options
- Avoid the dangers of private sale
- Enjoy all the benefits of a private house sale – and none of the hassles
- A guide to private property sales
- Should I consider a private house sale?
- Confidentiality is guaranteed with a private property sale to MPG
- If you need to get rid of private property, sell to MPG!
- Avoid Estate Agents
- How to sell your house fast
- Contact us
Latest News:
- Small victory for consumers over bank charges – but no payout expected
