United Kingdom: Charges, Mortgages, Indemnities

HSBC was fined £6.28 million by the FCA for inadequate support of financially distressed customers between 2017 and 2018. Despite initial policy failures, HSBC proactively invested £94 million in corrective actions and issued £185 million in customer redress, reducing the penalty by 30%. This case underscores the importance of fair treatment and compliance in customer support across the financial industry.

Buying your first home is a big step. While the journey may seem daunting at the beginning, understanding the key steps and factors can simplify the process and allow you to make well-informed decisions.

This article explores some key factors a bridging lender may consider when deciding whether to enforce its security, as well as the main methods of enforcement available to lenders.