Our forensic accountants are increasingly instructed to assist in the initial and quantum assessment in relation to mortgage mis-selling claims. We are able to apply our expertise to assist individuals in the process of making a claim for mis-sold mortgage products.
Mortgage Mis-selling Claims
As a result of the property boom in the UK and incentives available to those facilitating and selling mortgage products, it led many in the industry to take increased risk in lending mortgages. Some lenders were approving mortgages to those at ten times the level of their salary, and up to 125% of the value of a property.
As many mortgage advisors and providers were driven by the high commissions that were made through the facilitation of a mortgage, this led to the mis-selling of mortgages to many.
Financial Mis-selling Claims
Some of the following circumstances are not an exhaustive list. However, if they sound familiar to you, then it may be worth you contacting us on 0113 387 5670 to see if we can assist you in making a claim for compensation:
- You paid a separate broker fee that you felt was excessive.
- You consolidated debts by remortgaging your property.
- Your income was not appropriately assessed to establish whether you could afford the monthly payments.
- You were sold a fixed rate mortgage but were not aware that payments would increase when a period ended.
Mortgage mis-selling occurred in a number of ways and we can assist you in making your claim for compensation.