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 scenarios. 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.