Make a claim
Increasing numbers of people across the UK are now looking into obtaining compensation for mortgage mis-selling, as a result of being let down by negligent Lenders and Brokers.
The Mortgage Code of Business came into force on the 31st of October 2004 and governs the relationship between mortgage Lenders and the borrowers. The rules state that both brokers and lenders must ensure that the mortgage sold to the borrower is affordable, not only at the time but throughout the entire term.
How can a mortgage be mis-sold?
There are many factors that may indicate that your mortgage has been mis-sold. Some of the most common ways are:
Subprime lenders have been investigated by the Financial Conduct Authority and have had requirements imposed on them in relation to irresponsible lending practices. Brokers and Lenders have a responsibility to ensure that your mortgage is suitable to your needs and circumstances at the time of you seeking financial advice and throughout your mortgage.
When might I be entitled to make a claim?
If you re-mortgaged through a Broker or mortgage Lender after the 31st October 2004 and believe they have failed to provide you with suitable advice, you may be entitled to claim.
How much will it cost to make a claim?
How much compensation will I receive?
We cannot provide an exact figure until we have completed our investigation. However, typical values of claims are between £15,000 and £150,000. We have recovered thousands of pounds already for a number of clients.
Why choose Oakwood Solicitors?
You will have a dedicated advisor who will see your claim through from start to finish, assisting you in the event of any queries or issues you may have. Your case-handler will also continue to provide regular updates until the conclusion of your claim, ensuring the process is as stress-free and effortless as possible.
WHAT TO DO NEXT?
If you believe or feel you have a claim regarding mortgage mis-selling, contact us for a free initial consultation regarding your options by emailing us at firstname.lastname@example.org, or alternatively calling us on 0113 200 9787.
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