Stuck with an Interest-Only Mortgage?
You could make a claim if it was mis-sold to you
Mis-sold Interest-Only Mortgage
An interest only mortgage could be great for somebody with big-income or plenty of healthy investments to help pay it off, but if you don’t fit that description, an Interest-Only Mortgage might be your financial undoing.
While standard repayment mortgages mean that each month you pay off both the interest on your mortgage AND some of the capital you actually borrowed, meaning that over the years you slowly pay off the mortgage and eventually own the house, an Interest-Only mortgage is different.
This is where you ONLY pay off the interest on the mortgage each month, not the capital you actually borrowed, meaning that unless you have a windfall from your investments, win the lottery or manage to save up a huge amount on the side, your ownership of the equity in your house or property never increases.
This means that you could be paying month on month for years, and never truly own your house, and still have the full mortgage amount outstanding at the end of the term.
But if you got pushed into an Interest-Only mortgage and were unsuitable for it, you could be able to make a claim.
Find Out If YOU Were Mis-Sold Your Mortgage
Feel free to take advantage of our FREE mortgage advice checking service, with NO obligation to continue through to a claim even if it looks like you were mis-sold.
Your Interest-Only Mortgage
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Mis-sold mortgage claims with Get Claims Advice
We’ve given you some of the fundamentals of mortgage mis-selling here, but the real story starts when you get in touch with our team of specialist Claims Handlers.
We operate in the most simple, client-friendly way we can, offering our skills and experience on a NO WIN – NO FEE* basis to ensure that anybody can afford to take advantages of our services.
Just enter your details into the form to have a member of our team call you back. We’ll assess your details with a careful eye, and let you know if it looks like you can make a claim, all for free. After that, we can throw that same set of skills and strategies into a powerful claim on your behalf, either going toe-to-toe with the mortgage lender or adviser, or taking it to the FOS or FSCS to get you the compensation you deserve on a No Win – No Fee* basis, meaning you don’t have to pay a penny upfront or if we don’t deliver – a real win-win for you!
If you've been mis-sold, the road to recovering your money might just start here!
*No Win - No Fee: Your claim is pursued by Get Claims Advice on your behalf with no up-front fees. In the event of a successful claim, our success fee is charged at 24% inclusive of VAT, of any monies awarded. 14 Day “cooling-off” period, after which a cancellation fee is applicable. See Terms of Business for full details.