Try GOLD - Free
Warning over loan scams
Yorkshire Evening Post
|June 17, 2025
Struggling mortgage holders told fake loophole claims could worsen problems
-
Mortgage holders who are struggling with their payments are being warned they could make problems worse by acting on fake claims about legal loopholes and conspiracy theories claiming they cannot be held liable for their debts.
The Financial Conduct Authority (FCA) said that people in financial difficulty and at risk of losing their home should beware of misleading claims that they are not legally bound by their mortgage contract.
It urged struggling borrowers to instead speak to their lender, who could offer various options to support them.
The FCA has updated its consumer web pages to warn people about false and harmful information.
The regulator said it is aware of mortgage holders in financial difficulty being misled by online misinformation, often with serious financial consequences.
This story is from the June 17, 2025 edition of Yorkshire Evening Post.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Yorkshire Evening Post
Yorkshire Evening Post
Loanee has first-team 'chance' as injury crisis hits Farke's men
Leeds United January loan signing Facundo Buonanotte has “edged closer” to involvement in Daniel Farke’s squad in recent weeks and a fresh injury crisis could now present an opportunity.
1 mins
April 11, 2026
Yorkshire Evening Post
Innovative Freshwater Five play has links to our city's industrial past
When a production arrives in Leeds described as having \"inventive stagecraft\" and parallels to The Rime of the Ancient Mariner you might expect a high-concept drama.
2 mins
April 11, 2026
Yorkshire Evening Post
Warning for rail passengers as disruption hits Leeds line
Rail passengers have been warned to check their journeys as disruption hits routes between Huddersfield and Leeds.
1 min
April 11, 2026
Yorkshire Evening Post
Winning feeling helps convince Brown to keep the faith in Leeds
One of the reasons for Kieran Brown agreeing to a new three-year deal with Leeds Knights was the desire to bring more NIHL National silverware to the club.
1 min
April 11, 2026
Yorkshire Evening Post
Farke insists Tanaka is happy at Elland Road
Head coach Daniel Farke insists Japan midfielder Ao Tanaka is happy at Leeds United and will get further chances to prove he is a top Premier League player.
1 mins
April 11, 2026
Yorkshire Evening Post
Trueman's delight at penning new deal at Wakefield
DONE DEAL: Wakefield Trinity linchpin Jake Trueman has penned a new four-year deal.
1 mins
April 11, 2026
Yorkshire Evening Post
English whisky's golden age
Raise a glass to the wonderful breadth of flavour available south of the border
3 mins
April 11, 2026
Yorkshire Evening Post
Four to watch this week
New launches
2 mins
April 11, 2026
Yorkshire Evening Post
From the 'spice of Leeds' to a force to empower the next generation
Leeds would be a very different place were it not for the influence its vibrant and passionate Caribbean community has had.
3 mins
April 11, 2026
Yorkshire Evening Post
Tragic Chloe 'died from stab wound'
Teenager Chloe Watson Dransfield was killed by a stab wound to her chest, a coroner has said.
1 mins
April 11, 2026
Listen
Translate
Change font size