Julian Sturdy
Main Page: Julian Sturdy (Conservative - York Outer)Department Debates - View all Julian Sturdy's debates with the HM Treasury
(5 years, 4 months ago)
Commons ChamberBorrowers who believe that they have been mis-sold a shared appreciation mortgage are able to take their complaint to the Financial Ombudsman Service. The Government are unable to comment on group action cases relating to this issue as we have no role in deciding whether cases may be heard in court. I note that the annual review of the Financial Ombudsman Service in 2003-04 said that in most cases it had not upheld complaints of shared appreciation mortgage mis-selling due to the information being satisfactory. That is the situation at the moment.