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Mis-sold Mortgage Claims

IF YOU WERE SOLD A MORTGAGE AFTER 1ST NOVEMBER 2004, THERE IS A POSSIBILITY IT MAY HAVE BEEN MIS-SOLD. MIS-SOLD MEANS YOU MAY HAVE BEEN SOLD A MORTGAGE PRODUCT THAT WAS NOT SUITABLE FOR YOUR INDIVIDUAL CIRCUMSTANCES, BUT ATTRACTED HIGH COMMISSIONS FOR YOUR BROKER/LENDER. If any of the examples below apply to you then it's time to get in touch with us to see if we can help.


INTEREST ONLY MORTGAGE

These were attractive as they had a lower monthly repayment option, but over the years you will only be repaying the interest and not the capital aspect of the mortgage. At the time you took out the mortgage, you should have been advised what your options were at the end of the mortgage term in order to repay the capital element of the loan. If your options were not explained to you, then you may have been mis-sold. Interest only mortgages were sometimes used for debt consolidation. In both cases you could have a claim. If you were sold a mortgage after 1st November 2004, there is a possibility it may have been mis-sold. Mis-sold means you may have been sold a mortgage product that was not suitable for your individual circumstances, but attracted high commissions for your broker/lender.

If any of the examples below apply to you then it's time to get in touch with us to see if we can help.


self-certification mortgages

These mortgages were often advised as they carry high commissions that were paid to your broker or lender. If you were advised to take a self-certified mortgage, also known as fast track mortgages, you may have been able to take a much larger mortgage than you were able to repay, leaving you in a difficult position financially.


undisclosed commissions

If your broker or lender did not disclose their commission to you at the time you were sold your mortgage, or at any point, this constitutes a mis-sell.


mortgages that run into retirement

If your mortgage term is longer than your working life, did a discussion take place over what will happen when you retire? If payment plans after you stop working were not discussed with you then this mortgage was mis-sold.


Here at Amanda Cunliffe Solicitors you'll have access to our highly experienced team of specialists. We're happy to answer your questions and if you have a claim, we'll work hard to get you your compensation on a No Win No Fee basis.