BANKS USING HOME REPORTS CARTELS TO RIP OFF MORTGAGE CUSTOMERS

Michael Connarty MP has challenged Banks over their control systems to make customers who want mortgages use companies owned or financially linked to the Banks to produce home reports.

 Michael said, “It is another rip-off of the public by the Banks.   It is anti competitive and against consumer rights.   If the Financial Services Authority won’t act to stop it, I will take it to the European Union”.   Michael Connarty MP is the Chairman of the European Scrutiny Committee.

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Michael Connarty

Labour Member of UK Parliament - Linlithgow and East Falkirk Constituency

connartym@parliament.uk