It might save you money but does the mortgage price war spell trouble in the future?

The mortgage price war claimed a high profile victim this week as Tesco Bank scrapped lending.

 

A great adventure into the world of banking - billed as a major challenge to the High Street banking giants with mortgages promoted in the aisles – has come to an end.

 

Tesco Bank will continue with its other products, but why has it ditched mortgages, why have a string of other smaller players shut their doors in recent months, and why did building society behemoth Nationwide issue its own caution on home loans this week?

 

On this week’s podcast, Simon Lambert, Sarah Davidson and Georgie Frost dive into what is currently a weird world of mortgages: where a greater supply of money to lend than demand to borrow it means there are some very cheap deals on offer.

 

They also look at whether this may end up causing problems further down the line and ask how long it will be before more risky lending edges back in.

 

Also on this week’s show, the team look at a reader’s problem with a neighbour upstairs, who has stripped the floor back to floorboards and is creating noise issues, despite a lease that says there must be carpets. How do you enforce that?

 

Thomas Cook’s troubles and what they mean for holidaymakers are under the spotlight too.

 

And finally, ever wondered why sometimes drivers get a ticket but at others escape with just a warning, or what really drives police officers mad behind the wheel? 

 

You need to listen to the segment on the secrets of a traffic cop revealed.