A mortgage is still probably the biggest financial commitment an individual will take out in their lifetime so getting the right one is important. Poor mortgage advice may lead to individuals facing financial hardship and even homelessness.
Helpfully, many mortgage advisors are now regulated by the Financial Conduct Authority (FCA) who have enshrined detailed rules for regulating mortgage contracts and imposing penalties when individuals have been sold unsuitable mortgages. FCA rules also allow individuals to seek compensation for losses sustained from those providing poor mortgage advice.
“Jamie helped me with a mortgage interest only misselling claim and a complicated consumer credit dispute which involved tricky case law such as Plevin. He helped me a great deal. He made the difficult legal points very simple to understand and I was delighted with the outcome.”
– Louisa, from Cheshire
Mortgage mis-selling comes in many shapes and sizes.
Interest-only mortgages are a particularly hot topic with many about to expire over the next few years. Mortgage brokers received hefty commissions for interest-only mortgages and they were often aggressively sold with borrowers also encouraged to add unsecured debt such as loans and credit cards onto their interest-only mortgage which often resulted in extra interest being paid.
There are a number of tell-tale factors.
Explore JCLM’s range of case studies and discover how our monthly legal services are supporting SMEs across sectors.
JCLM Solicitors cuts through the confusion and pretence of the legal sector. A champion of the underdog, we exist to provide reliable, straightforward and accessible legal services for SMEs and the individual.
We challenge the conventional wisdom of large, traditional legal firms to offer a service that’s on your side. We are not prepared to accept the status quo without enquiry, nor are we conflicted or in the hands of business partners/funders. We act only for our clients.
The relationships we form with our clients are built to last: we don’t switch off at 5pm, and you don’t need an appointment. JCLM Solicitors act as an extension of your business or personal interests, and you can rely on us to be determined, fearless and steadfast in our response to your legal requirements.
Get in touch with JCLM today and discover how our monthly legal services and expert legal guidance can help you claim the compensation you deserve for mis-sold mortgages.
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