The Financial Conduct Authority (FCA) has issued a warning about promissory notes which claim to be a "golden ticket" to clear mortgage debts, but are in reality an empty promise

Mortgage holders are being cautioned about online offers that seem like a "golden ticket" to clear their debts but could actually exacerbate their financial woes. The Financial Conduct Authority (FCA) has highlighted claims circulating online suggesting borrowers can dodge their mortgage payments by sending their lender a "promissory note".

These notes purport that another entity, such as a trust, will either provide funds for mortgage repayments, or assert that the note itself should be accepted by the lender as full repayment of the mortgage. Often, those resorting to these notes are in financial straits and p

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