Have you been mis-sold a mortgage?

Many mortgages and their associated products have been mis-sold or falsely represented. Yours could be one of them, read the information below then call us to find out.

Mis-sold Mortgages

The mis-selling of mortgage products and secured loans can take many forms, all of which Unfair Credit Direct can challenge on behalf of their clients.

Clearing debts legally

Each agreement creates its own binding legal requirements of client and lender but if a mortgage product is deemed to have been mis-sold and therefore unfair, Unfair Credit Direct can act on your behalf to reclaim all fees and illegal charges on mortgages and secured loans past and present. Unfair Credit Direct can audit your mortgage agreement to ensure it complies with the law and strict guidelines issued by the Office of Fair Trading and the Financial Services Authority.

The costs

Unfair Credit Direct will initially audit your claim on a no fee basis to check that your mortgage agreement complies with the law. If it does not our barristers will then start immediate action against your lender to ensure a full and final financial claim on your behalf.

The benefits

We can look at claims irrespective of whether the mortgage is still active or not, this also includes repossessions.

Trust and confidence

Our dedicated team of professionals will offer you expert and impartial advice, and you can rest assured that our legal and financial experts have the knowledge, skills and experiences needed to ensure that your claim and your finances are in safe hands.

How It Works

STAGE 1 – The investigation

In accordance with the Data Protection Act, our barristers will obtain full disclosure from your lender. This means that the lender must send us all of the information they hold relating to your case including all applications, actual agreements, full payment structures, underwriting sheets and any other relevant information including any payments made to brokers and packagers.

STAGE 2 – The Review

Our barristers then use this information to determine if you have been mis-sold a mortgage. Following their review and analysis of the information our chartered accountants will complete a full 5-stage forensic audited report. The findings will be assessed and sent to the lender in the form of a legal report.

STAGE 3 – The Claim

After submission of our report to the lenders we await the response from the lender to establish whether they are going to challenge the findings or proceed straight to court to establish the level of compensation to be paid. In either circumstance we continue to act for our clients using the court to either prove the claim for our client, or as a way of establishing the best settlement for them. The claim figure is made up of the actual claim figure, plus damages and statutory interest at 8%. We endeavor to obtain a maximum level of compensation for all of our clients.

Read more about Mortgage Reclaims here