Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions he has made with the Financial Ombudsman Service on support for people who have been missold a shared appreciation mortgage.
The Financial Ombudsman Service (FOS) has received a number of complaints from people who purchased shared appreciation mortgages and are alert to the issues involved.
Any borrower that feels they have been mis-sold a shared appreciation mortgage should bring their complaint to the FOS, which can provide arbitration in such cases.