Mis-sold mortgage?

If you have been provided with an unaffordable or inappropriate mortgage, then you may have valid grounds for claiming back years of past and future additional interest you have or will pay AND other losses suffered arising from an unsuitable mortgage.

The Financial Conduct Authority regulates mortgage lenders and advisers. They have prescribed rules which state that any mortgage advice given must be suitable for the customer.

In many cases, brokers, financial advisers and lenders have breached this fundamental rule and left thousands of people facing difficulties in meeting mortgage payments or paying off their mortgage as a result.

Common examples of when mortgage mis-selling may have occurred are listed below, but if you feel that you may have been mis-sold a mortgage for a different reason, then please contact us for advice on whether you have grounds for a no win, no fee claim.

These are mortgages where the monthly payments only meet the interest due on the amount borrowed. The capital amount is then due to be repaid at the end of the mortgage term. Your mortgage lender or financial adviser should have made sure you had a way to repay the capital at the end of the mortgage term. If they failed to do so, your mortgage may have been mis-sold.

If your mortgage is due to finish beyond usual retirement age, your mortgage lender or financial adviser should have considered what your post retirement financial position was likely to be. Income levels often drop after retirement and if you will have difficulties in either meeting mortgage payments or paying off your mortgage as a result, you may have grounds for a claim.

When taking a remortgage, it used to be common practice to add unsecured debts, such as loans and credit cards, to the mortgage. This means the debt is then secured on your property and is repaid, with interest, over a longer period of time. If you were not made aware of the true costs involved in using a mortgage to consolidate debts, we may be able to assist you with a claim.

If you took a mortgage to buy your council owned property, it is often the case that you will have incurred excessive fees and charges. Any benefit payments that you received may also have been impacted upon. You may have been a victim of mortgage mis-selling if any of this applies to you.

There are numerous further reasons as to why your financial adviser, broker or bank may have mis sold you a mortgage. These include;

• You are in negative equity
• You were sold a mortgage with a sub prime lender, even though your credit history was satisfactory
• You were advised to switch your mortgage to another lender without being made aware of all the fees and charges involved.
• Your property has been, or is about to be, repossessed.

If you believe you have been mis-sold a mortgage for any other reason then please phone for free, without obligation advice…

This list is not exhaustive. If you believe you have been mis-sold a mortgage for any other reason then please phone for free, without obligation advice or fill in the short enquiry form on the right and we’ll call you back.

How much am I entitled to?

If you have suffered a financial loss as a result of mortgage mis-selling and are successful with your claim, you are entitled to a sum of compensation that is equal to these losses. We will fully investigate and advise you of the loss you have suffered.

What do we charge?

We offer an absolute and guaranteed No Win, No Fee agreement, it’s that simple. If successful, we take a fee of up to 20% (plus 4% VAT) * Of the award of compensation. If unsuccessful, our clients pay us nothing.

* We reserve the right to apply a deduction in more complex or higher risk cases of up to 30% plus VAT. Typical examples might be where there are multiple parties to claim against, where time limits for claiming may have passed or new areas of law are tested.

What if my claim has already been rejected?

We will still look at this for you. We have taken on and been successful in many claims that have been rejected by banks, financial advisers and mortgage brokers and also rejected by the Financial Ombudsman Service.

Will I have to fill out loads of paperwork?

No, we will be able to do most of the necessary paperwork for you and we can obtain any relevant documents from your mortgage lender or financial adviser on your behalf. You will have to check the details of your claim before it is submitted, but we will assist you with this.

What do I do now?

Call us or email us. There is absolutely no obligation to proceed and if you tell us what’s happened, we will briefly explain if we think you have a claim and the procedure for filing a claim and the time limits that apply.