Do you think you have been mis sold mortgages?
Whether you have a buy to let mortgage, right to buy mortgage, fixed mortgage, second mortgage, a bad credit mortgage or a first time buyer mortgage, we are confident we could help. Misrepresentation is recognised by the FSA as widespread problem.
How can I tell if I have a mis sold mortgage?
If you have a mortgage that is with a sub prime or specialist lender that you arranged via a mortgage broker, are you sure you got the right advice? In 2008 the Financial Services Authority announced that it was concerned about the growing problem of mortgage mis selling. Over the past 12 months the Financial Services Authority has banned many mortgage brokers. The Times in November 2007 reported that more than 371,000 home owners believe they may have been given bad advice or have been mis sold mortgages. Stephen Bland of the Financial Services Authority on the subject of mortgage brokers giving bad advice and mis selling mortgages said, “We found some willing to offer mortgages they know to be unaffordable and to accept self cert business even when they had concerns that the financial information provided by the customer was implausible. These practices are completely inconsistent with treating customers fairly.” There are many circumstances that may constitute mis-selling. Can you answer YES to any of the below: Were you on benefits at the time? Advised to proceed on a self certification basis? The end date runs past your retirement age? You were advised to switch lenders without being told about the penalties? You paid the broker a fee? Encouraged by the broker to manipulate your income? Given a fixed rate mortgage and told to just remortgage to a better deal at the end of the term? If you think you have been mis sold mortgages or want more information then please call 0800 612 7014 to find out how we can help.