THE MIDLANDS PROPERT Y GUIDE MONEYWATCH FINANCE


MORTGAGE “QUICK FIXES” CIRCULATING ONLINE Moneywatch Finance


IMPORTANT WARNING ABOUT 40


As we enter 2026 and household budgets come under extra pressure, many homeowners start searching for ways to manage their outgoings. Recently, however, the Financial Conduct Authority (FCA) has issued a firm warning about misleading information online that could leave borrowers worse off.


A number of websites and social media posts are promoting so-called “promissory notes”, claiming they allow borrowers to avoid making their mortgage payments. These claims may appear convincing at first glance, but they are incorrect and can lead to serious financial consequences.


WHAT IS A PROMISSORY NOTE, AND WHY THE FCA IS WARNING AGAINST IT?


The documents being sold typically claim that:


l a “trust” or third party will take responsibility for your mortgage


l or that the note itself settles the mortgage in full l or that lenders must legally accept it as payment


The FCA has confirmed that these statements are false. A promissory note is not a recognised method of paying a mortgage, and sending one to a lender does not remove the requirement to make your normal payments.


LIVE24-SEVEN.COM


Some people have paid significant sums for these documents, believing they would help, only to find that they hold no value.


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