Mortgage complaints up 8% says FOS

Mortgage complaints rose 8% year-on-year in the third quarter, according to the latest figures published by the Financial Ombudsman Service.

Related topics:  Mortgages
Rozi Jones
21st October 2014
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The FOS received a total of 3,333 mortgage complaints between July and September, up from 3,090 in Q3 2013. Mortgages were the third most complained about financial services product during the quarter.

Complaints relating to personal pensions fell 13%, however complaints regarding SIPPS rose 19% and complaints relating to annuities rose sharply by 68%. Complaints about payday loans rose slightly, at 5%.

However overall complaints fell 39% as the number of complaints about payment protection insurance halved, with 88,038 new complaints in the third quarter of 2014, compared to 143,177 in 2013.

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