CAN’T AFFORD YOUR MORTGAGE? IT MAY HAVE BEEN MISS-SOLD.

Mortgage mis-selling is when you have been given advice that is entirely unsuitable for your situation. Either the risks were not explained, insufficient information regarding your mortgage was given or you ended up with a mortgage product that was not right for you. Unfortunately, mortgage mis-selling happened frequently before regulations were tightened and now many people find themselves in devastating circumstances or are left in arrears.

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 scenario’s. As each case will be based on their individual facts, it is important that you seek the right legal advice if you think you have been mis-sold a mortgage product.

Some examples of the way a mortgage can be mis-sold include:

• You were advised to take a mortgage product that was not suitable for your needs
• You were negligently advised by a broker to take one product over another on the basis that the broker would receive a larger commission payment from the lender
• You were advised to take an interest only mortgage
• You were advised to consolidate debts by re-mortgaging
• Your retirement date is before your mortgage end date
• You were advised to overstate your income in order to borrow more and/ or the broker falsified 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

COMPENSATION FOR MORTGAGE MIS-SELLING

You could be entitled to compensation if you were miss-sold a mortgage that was not suitable for you or your income at the time. We have successfully recovered compensation for our clients who have been miss-sold mortgages.