Mis sold mortgages are a growing concern of the Financial Services Authority(FSA), the regulator of mortgage advice.  Since 31st October 2004 the FSA have been responsible for making sure that the mortgage advice  given to a client was suitable and the client was treated fairly.  In simple terms to avoid the client ending up with a mis sold mortgage.

The FSA have published vast guidelines to ensure that all mortgage advisors adhered to the rules laid down.(MCOB)  Unfortunately as is often the case a number of advisors and their firms have either ignored or flaunted the rules.  In 2008 the FSA issued a consultation paper highlighting mortgage mis selling and mis sold mortgages as a problem.

So how do you know if you have a mis sold mortgage?  It is very difficult to establish if you have no knowledge of the mortgage market or the rules and regulations set down.  After all you went to see a professional advisor to get your mortgage, so why would you have  mis sold mortgages.

There are in fact a whole raft of reasons that you might have a mis sold mortgage or  are a victim of mortgage mis selling  and we are here to help guide you through the maze.  We have staff with over 20 years of banking experience specifically focused on mortgage advice, so if your mortgage was mis sold then we will be able to help.

If you can answer yes to any of these questions then we would like to hear from you:

Did you arrange your mortgage through a mortgage broker and was the lender a specialist or sub prime lender?

  • Is your mortgage on an interest only basis?
  • Were you encouraged to self certify your income?
  • Were you only given one lender / product as an option?
  • Have you been charged fees for being in arrears?
  • Did you buy your house under the “Right to Buy” scheme
  • Does your mortgage go past your retirement age?
  • Did you remortgage to pay off debt
  • Did you buy life assurance, mortgage payment protection or other insurances?

If you can answer yes to the above then you may have a mis sold mortgage.  To learn more about mis sold mortgages please contact us where one of our skilled advisers will offer you free initial advice.

Mis sold Mortgage is a trading style of Credit Hero which is regulated by the Claims Management Regulator in respect of claims management activities under licence number 21902. Credit Hero is registered with the information commissioners office licence number Z1927647. Credit Hero Ltd is registered in England and Wales Company No. 06937064