Mis-sold mortgages

 

A mortgage is usually the largest single debt that many of us incur. With such a major financial undertaking, you might face serious consequences if anything goes wrong with your mortgage, or if the mortgage you have been sold is not suitable for your needs.

 

There are laws and regulations which govern how mortgages can be sold to consumers. If these rules were broken when you took out your mortgage, then it may have been mis-sold, and you could be entitled to compensation to repair any financial harm which you suffer as a result.

 

What is mortgage mis-selling?

 

Mortgage mis-selling can cover many different circumstances. Usually, it centres on questions of whether the mortgage lender or broker took the time to advise you properly, fully assess your situation, or whether they acted openly and fairly in their dealings with you.

 

Some common examples of mortgage mis-selling include:

• Releasing equity to invest

• Miscalculating the repayments and overcharging

• Payment of hidden commissions

 

In many cases we are able to act on a contingent basis, meaning you will only be charged if we are successful.