FSA fines DB Mortgages £840k for irresponsible lending

The firm failed to show customers whether they could afford mortgages sold where the term continued after their retirement and failed to consider whether there were cheaper mortgages available for customers seeking self-certified mortgages. It also failed to ensure customers had thought about where they would live at the end of the term if they needed to sell their house to pay off an interest-only mortgage. On treatment of customers in arrears, DB Mortgages did not consider customers' individual circumstances or tell them about the range of options that were available to them, and ap...