Mis-Sold Mortgages

If it can be established that your mortgage was mis-sold then you may be able to claim for losses from the start of the mortgage through to its full term. Mortgage regulation states that lenders and brokers must ensure mortgages are affordable throughout the entire mortgage term.

Your broker should have explained Interest Only vs Capital Repayment and explained that you may have to switch to Repayment at some point. This type of mortgage seems cheaper in the short-term but in the long-term it is significantly more expensive.

Negligent advice from a broker or a lender may have resulted in your mortgage being mis-sold.

Many people do not realise that they have been mis-sold a mortgage product and the term “mortgage mis-selling” can cover a wide range of scenarios, as each case will be fully assessed based on their individual circumstances.

Your mortgage may have been mis-sold if:

  • You were advised to take a mortgage product that was not suitable for your needs.

  • You were advised to take one product over another on the basis that the broker would receive a larger commission.

  • You were advised to consolidate debts, loans or credit cards by re-mortgaging.

  • Your retirement date is before your mortgage ends.

  • The broker did not submit the correct information on the mortgage application to obtain a higher mortgage offer.

  • You were not told about the commission your mortgage advisor would receive from the mortgage lender.

  • You were advised to switch mortgage lenders without being told about any fees and penalties that you incurred.

  • Adequate checks were not carried out by the lender or broker to ensure a suitable repayment vehicle was in place.

Mortgage Overcharging

Where you have entered into a mortgage with a special/introductory rate which has then changed you may have been overcharged.

The changes applied by your lender at a time when interest rates were decreasing may have been applied unfairly.

A mortgage overcharge may have occurred if:

  • You have a mortgage of £60,000 or more that is ongoing, or that was redeemed not more than 6 years ago.

  • You entered into a mortgage with an introductory/special rate which changed after the introductory period expired (usually 2 – 3 years).

  • You have fallen into consistent arrears with your mortgage.

  • Your lender has not offered you an alternative rate.

Mis-Sold Investments

Many people in the United Kingdom have been mis-sold investments and lost money as a result. Many people do not know where to turn in such situations and are worried about legal costs and where to secure the right advice.

Whether your investment was in off plan foreign property, land or investment schemes we can provide you with free legal advice in the event that you have lost money.

If your claim has prospects of success, we will be able to proceed with your claim on a no win no fee basis and try to secure you a redress. Our specialist solicitors are here to help and have vast experience of mis-sold investment claims.