Mis–sold Mortgages
Intro Why Claim? How It Works Why Choose Us FAQsMortgages can be complicated and the consequences of getting it wrong can result in your home being repossessed. That's why there are detailed rules in place to help protect you so that a mortgage adviser (broker) or lender needs to ensure that you are given all the correct information and check that it's suitable to meet your needs.
Before the credit crunch, mortgages were big business. Brokers often charged a fee for advising or arranging a mortgage for you as well as receiving commission from the lender and with many advisers having targets to meet, this has sometimes led to customers not receiving the best advice.
At Consumer Finance Claims, we are able to review the circumstances of your mortgage and identify whether you have been mis–sold. We'll then work out what compensation you may be entitled to and act on your behalf to get what you deserve.
Here are just a few examples of where you may be able to claim.
- You couldn't afford the mortgage or the adviser didn't check to see if you could
afford the mortgage.
- You will still have a mortgage even after you retire but you don't have any way of making
the mortgage repayments or the adviser didn't check how you would continue to meet your
mortgage repayments.
- You took out a fixed rate mortgage but the adviser didn't tell you about the possible
increase in payments at the end of the fixed rate.
- The adviser recommended a self–certification mortgage even though you didn't need
one or you could prove your income.
- You didn't have any previous credit problems when you took out your mortgage but you were
sold a "sub–prime" mortgage.
- You remortgaged to clear your existing debts but were not told key information such as the
possibility of repaying more interest over the term or that your debts would then be secured
against your home.
- You were recommended an interest–only mortgage on the basis that this would reduce your
monthly payments.
- You were sold an interest–only mortgage but had no way of repaying the mortgage at the end of the term or were not made aware of the risks.
No Upfront FeesNo Win – No FeeRepossession UnwindsCompensations of up to £50,000 +Reclaim Mortgage Exit fees & other costsHow much money could you be entitled to?