Mis-sold Mortgage

Mis-sold Mortgage Compensation

Mortgage Brokers and Financial advisors are placed in a position of public trust. It’s assumed when you’re provided with advice it will be appropriate to your needs. Sometimes this is not the case. If you’ve lost money as a result of poor advice from an advisor, you may be entitled to make a compensation claim.

Brokers and Financial Advisers are regulated by the Financial Services Authority. This means that they have certain responsibilities to provide adequate services and truthful advice to customers. If you have lost money as a result of incorrect or insufficient information being given by an adviser, you could be entitle to a claim for compensation up to £50,000.

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This can be achieved by making a compensation mortgage claim, however, financial institutions become insolvent. This leads to potential problems for consumers who believe that they have a claim against the firm in question. The Financial Services Compensation Scheme (FSCS). This is a government body charged with ensuring that consumers are compensated in the event of the insolvency of a financial institution.

What constitutes a mis sold mortgage?

Consider some of the points below as you may have been a victim of financial mis-selling. Any of the following circumstances if incorrectly advised may constitute a mis sold mortgage. Were you;

Questioned to make sure the adviser knew all the facts about your application

Provided with a choice of mortgage products

Recommended a self certification mortgage when employed or self employed

Told that you only qualified for a sub-prime loan

Advised the end date went past your retirement age

Offered Payment Protection Insurance (PPI) on your mortgage

Advised to apply to a particular lender for speed

In What Circumstances Can I Claim?

It may be useful to provide some details of circumstances that may produce a valid mortgage compensation claims against a mortgage adviser. The majority of claims with which the Scheme deals concern firms who have given customers incomplete advice. For example, a claim may be sustained if the firm had not informed the customer of the full range of mortgage options available, and the customer had subsequently lost money as a result of an unsuitable choice.

Many mortgage compensation claims deal with basic incompetence on the part of the broker; they are likely to be upheld if the adviser has arranged a mortgage with terms different to those requested by the customer, for example a longer or shorter repayment period, and the customer has lost money as a result.

Can I make a mis-sold mortgage claim?

Yes! You can start your mis-sold mortgage claim by calling our mis-sold mortgage claim line on 0845 519 6823 or you can alternatively complete our online mortgage claim form and one of our advisors will call you back.

We will complete a quick 5 minute review to establish if you have a possible mis-sold mortgage claim, if you have then we will then move onto the next stage a send you a review pack to read and sign so we can start your mis-sold mortgage claim.

We charge a flat fee of £49.00 for you mortgage review this is none refundable and is used to cover our administration cost and we will also keep 10% of any refund that you may receive. Mis-sold mortgage compensation has been capped to £50.000

START YOU MIS-SOLD MORTGAGE CLAIM TODAY, DONT MISS OUT!