Ep 515 - Important car finance mis-selling update & base rate surprise
On this week's podcast Damien explains the latest development in the car finance mis-selling scandal and what action you need to take. He also discusses the latest Bank of England base rate cut. While it was widely anticipated, he explains why the market was caught off guard by what was contained in the accompanying meeting minutes.
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show
(00:00) - MTTM Episode 515
(04:07) - Car Finance Mis-selling Scandal Overview
(07:06) - Supreme Court Ruling and Its Implications
(09:31) - Action you can take to check if you had a DCA
(12:30) - Bank of England Rate Decision and Market Reactions
(15:18) - Impact of Base Rate Cuts on Mortgages
(17:19) - Market Predictions for Base Rate Changes
(19:03) - Understanding the Monetary Policy Committee's Decisions
(22:06) - Inflation Trends and Their Effects on Interest Rates
(24:37) - Personal Mortgage Decisions and Market Reactions
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Links referred to in the podcast:
- Try our AI guidance tool 'DaMoney' - Ask it any money question
- Car Finance Mis-Selling Review
- FCA to Consult On Car Finance Compensation
- MSE Car Finance Complaint Logging Tool
- Best Mortgage Rates in the UK
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