A campaign designed to help consumers who may be worried about meeting their mortgage repayments has been launched by the FSA.
According to the regulator, one in five mortgage holders are concerned about meeting their mortgage repayments, with a quarter having no plans to meet rising costs. The £2m campaign will focus on those whose fixed-rate and discount mortgage deals are coming to an end this year, helping them make informed decisions about which mortgage is right for their situation. The FSA says 1.4m short-term fixed rate mortgage are due to end in 2008, meaning many consumers will be seeking help to continue financing their home. Chris Pond, FSA director of financial capability, says: “Economic conditions...
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