Go To Mortgage 101

Return To Group Index

From: "Tim" 
Newsgroups: uk.finance uk.legal
Subject: Re: Query on Annual Mortgage Interest calculation
Date: Fri, 12 Sep 2003 19:21:22 +0000 (UTC)

> > The FSA will start regulating mortgages next year and will become
> > responsible for truthful and comparable advertising of interest rates.
>

"Rob Graham" wrote
> But you're suggesting it's not truthful to have different ways of
> calculating interest. As long as you've been told what they are there's no
> untruth. In truth, borrowers don't look beyond their noses.

Tony mentions both "truthful and comparable".  Why do you just pick on the
first one, "truthful" ??  You could just as easily say he's suggesting "it's
not comparable" - which is quite likely to be the case!  :-)