If you have taken a FREE test on our test page within this web site you will have established any high risk areas that may have been breached or mis-sold. The main areas we look to investigate are as follows:-
- Your mortgage was an interest only mortgage.
- Your mortgage runs past your retirement age.
- You acquired your mortgage through a sub prime mortgage lender.
- You made a self certification mortgage application.
- You had adverse credit when you acquired your mortgage.
- You re-mortgage for debt consolidation purposes.
- Your affordability was not considered when you made your application.
- You are now in negative equity.
- You were advised to switch to another lender.
- You were a council house tenant when you made your mortgage application.
- You have had your property repossessed.
The mortgage advice process is one that has been regulated since November 2004 by the Financial Conduct Authority (FCA). Pre November 2004 the Mortgage Code Compliance Board (MCCB) acted on a voluntary basis to assist and ensure clients were protected (1996 – 2004).
In order to establish if you have been mis-sold a mortgage we would ask you to complete a mortgage questionnaire, available in our download section. This will involve answers to several questions that will help to establish whether you may have a potential claim against your mortgage broker, mortgage lender, the surveyor or, in some cases, the solicitor who acted for you.
Our professional consultants are available for a no-obligation telephone interview.
The Financial Conduct Authority (FCA) has a list of guidelines and Principles using MCOB and ICOB rules issuing codes of conduct and principles to professional advisors that must be adhered to.
There were a number of years when credit was freely available and the competition for business was high, and it is only since the UK entered into a period of recession that consumers are becoming aware and realising they may have been mis-sold their mortgage or given bad advice by the mortgage broker/lender.
Are you one of them?