Financial advisers, brokers and banks have a duty to provide adequate advice when selling you a mortgage, ensuring it is suitable for your needs and is fully explained to you. You may be entitled to compensation if you have been sold a mortgage that is inappropriate or entailed unrealistic repayment terms. If you feel you have been mis-sold your mortgage, our team of financial experts may be able to assist you with a claim for compensation.
What is a mis-sold mortgage?
Your mortgage may have been mis-sold to you if your adviser did not provide adequate advice or recommended products that were unsuitable for your needs.
How do I know if I have been mis-sold a mortgage?
Your mortgage may have been mis-sold to you if any of the following applies:
• Your retirement date is before your mortgage end date
• You were advised to borrow more money by overstating your income or borrow money without proving your income
• Your adviser recommended switching lenders, but did not inform you of any fees or penalties that were incurred
• You took out a fixed-rate mortgage and were advised to remortgage to a better deal at a later date, without being informed that you would incur a penalty for leaving your fixed-rate mortgage early
• You were not informed that your adviser would receive commission from your lender
Our specialists have assisted hundreds of individuals with compensation claims after being mis-sold a mortgage and have a wealth of knowledge to assist you, if you feel you have been mis-led. For more advice, please contact our professional team on 0800 988 0777, who are ready to assist you with your claim.