Mortgage Mis-selling – Do you have a claim?

The Financial Services Authority (FSA) have recognised the increasing number of complaints relating to mortgage advisors failing to adhere to rules within the Mortgage Conduct of Business (MCOB), which regulates the industry.

Many of us will seek assistance from the expert mortgage advisors because taking out a mortgage is complex and daunting task. Unfortunately it has come to light some professionals are not providing their customers with suitable, sound advice. The objective of the MCOB Code is to ensure mortgage advisors are “treating customers fairly”. However the Code is routinely jeopardised by advisors in order to secure lucrative broker fees for commercial gain.

If you believe you have been a victim of poor or questionable advice or felt pressured to remortgage your home which has lead to you being financially worse off then you may have grounds to make a claim. Pinto Potts LLP are handling a number of cases where clients have experienced financial hardship, including facing repossession or being forced to downsize as a result of the advice given to them at the time of their re-mortgage.

If you arranged your mortgage through a broker or advisor, you may have been affected by the following;

• Encouraged to self certify your income
• Switching your mortgage from a repayment only or part to an interest only basis
• Only given one lender / product as an option
• The option to stay with your current lender was not made available
• Incurring unreasonably high charges associated with switching mortgage provider
• Extending the terms of your mortgage past your retirement age
• Encouraged to remortgage to pay off existing debts
• Incur an early repayment charge
• Pressured in to purchasing a life assurance, mortgage payment protection or other insurances

If you feel you have any of the points apply to your circumstance then Pinto Potts LLP can help.  We have a specialist team who will assess your claim on a no-win, no-fee service seeking compensation for the financial loss you have suffered.

Call the free phone number today 01252 361200 or select the options and submit your enquiry via the website.