MIS-SOLD MORTGAGE COMPENSATION
A mis-sold mortgage can be crippling.
Because of that, as of 2004 the FCA (or rather the FSA before them) introduced the Mortgage Conduct of Business rules (MCOB), laying down the law about what mortgage advisers can and can’t do, helping to guard against mis-selling.
Owners of mis-sold mortgages taken on after 31st October 2004 who have suffered can therefore make a claim from their financial adviser, or from the FSCS up to £48,000 per person, meaning around £96,000 for a married couple who entered the mortgage together.
YOUR MIS-SOLD MORTGAGE AND YOU
The chances are that your family home is going to be your most valuable and most expensive purchase in life, and for the vast majority of people a good a suitable mortgage is required to achieve the goal of home-ownership.
But a good suitable and affordable mortgage is not always on offer from your bank of financial adviser, leaving many lumped with a mis-sold mortgage that could devastate their personal and family finances for years to come.
If you have found your mortgage to be un-affordable, about to run into retirement or think you came off with a worst deal than you were expecting, then reading on could make all the difference to your financial future…
You might be sat on a mis-sold mortgage…