Mis- Sold Mortgage
What is a mis sold mortgage?
A mis-sold mortgage or mortgage product means that you were given advice that was not suitable, the risks where not explained to you clearly, or the information provided to you was not sufficient enough to make the right decision at the time.
A mis-sold mortgage claim is an application for compensation for the wrong advice given to you by a mortgage advisor or lender, that led you to choose a mortgage or mortgage product that wasn’t right for your financial situation.
A significant number have found themselves in desperate situations after following bad advice given by lenders and mortgage advisors; which has resulted in significant financial difficulty, arrears and repossession.
Common ways mortgages and mortgage products have been mis-sold:
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