Interest only mortgage claims2019-08-30T09:50:19+00:00

Mortgage Claims

  Speak to one of our specialist financial claim specialists about reclaiming what you have lost on 0800 862 0605.

Being one of the leading companies in the UK helping people reclaim their money back, with outstanding reviews, years of experience in financial solutions, we are the best at analysing your situation and guiding you through the process to help you get any compensation you may be entitled to.

We will guide you through each step, explaining everything in detail which will help you understand your right to claim.

If it can be recognised that your mortgage was mis-sold or you were overcharged, then you potentially may have a case and will be able to claim for the losses from the day your mortgage began.

START YOUR CLAIM !

Being one of the leading companies in the UK helping people reclaim their money back, with outstanding reviews, years of experience in financial solutions, we are the best at analysing your situation and guiding you through the process to help you get any compensation you may be entitled to.

We will guide you through each step, explaining everything in detail which will help you understand your right to claim.

If it can be recognised that your mortgage was mis-sold or you were overcharged, then you potentially may have a case and will be able to claim for the losses from the day your mortgage began.

START YOUR CLAIM !

If any of the below applies, you may be eligible for a Mortgage Mis-Sell claim

  • Have you taken your mortgage out after 31st October 2004?

  • Has your mortgage been running for over 6 years?

  • Have you had an Interest only mortgage with no repayment vehicle in place?

  • Have you had an Interest only mortgage or even a Capital repayment mortgage where you were advised to consolidate loans and credit cards into your mortgage?

  • Has your mortgage gone over your planned retirement date?

  • Was your mortgage self-certified?

Mis-Sold Mortgages – Overview?

A mortgage, for many of us is one of the biggest and most meaningful loans we will ever take out in our lifetime. That is why it is imperative that the mortgage provided from your broker, lender or mortgage advisor was the right one for you.

The law states that brokers, lenders and mortgage advisors must certify that all mortgages are affordable throughout the entire mortgage term. Often negligent advice was provided at the time people took their mortgage out, which may mean your mortgage was mis-sold.

If you had been advised to take an Interest Only mortgage, your broker, lender or mortgage advisor should have explained the risks attached with this type of product and ensured you had a suitable repayment method in place. This mortgage type was a cheaper option in the short-term however in the long term it is a lot more expensive and often means people are left with no choice but to sell their house.

START YOUR CLAIM !

Examples of mortgage mis-selling?

  • The relevant checks were not carried out by your mortgage provider to make sure you had the appropriate repayment method in place
  • You were advised to take one product over another, for example Interest only mortgage over a capital repayment
  • You were advised to take out a certain mortgage which was not suitable for your needs
  • Your mortgage ends after your planned retirement date
  • You were advised to switch mortgage providers without having the fees and penalties explained to you
  • Any commissions paid from the lender to the advisor or broker were not disclosed

How it works?

We will always asses the strength of your case, if we believe your case has a chance of success, we will pass the case over to our highly skilled panel of solicitors.

If you wish to pursue your case, once we have received the authority form back from you, we shall request all your documents from your lenders. Once we have conducted the initial assessment, we shall package your case and place it with one of our solicitors, who specialise in mortgage compensation.

All the solicitors on our panel, can progress your case on a No Win No Fee basis*. You are under no obligation to complete a claim using our services. You can refer your complaint to The Financial Ombudsman Service, whose services are completely free of charge, alternatively you could choose to use your own legal representative.

Our assessment process is straightforward and does not cost you a penny, all you have to do is complete our simple assessment form and you will be contacted by your personal case handler, who will guide you through each step of the process.

START YOUR CLAIM !

How it works?

We will always asses the strength of your case, if we believe your case has a chance of success, we will pass the case over to our highly skilled panel of solicitors.

If you wish to pursue your case, once we have received the authority form back from you, we shall request all your documents from your lenders. Once we have conducted the initial assessment, we shall package your case and place it with one of our solicitors, who specialise in mortgage compensation.

All the solicitors on our panel, can progress your case on a No Win No Fee basis*. You are under no obligation to complete a claim using our services. You can refer your complaint to The Financial Ombudsman Service, whose services are completely free of charge, alternatively you could choose to use your own legal representative.

Our assessment process is straightforward and does not cost you a penny, all you have to do is complete our simple assessment form and you will be contacted by your personal case handler, who will guide you through each step of the process.

START YOUR CLAIM !

Before you start your mortgage claim, please read through our FAQs.  If you have any further questions please call us on

Local Rate: 01606 800181 Freephone: 0800 862 0605

I don’t have my mortgage paperwork; can I still claim?2019-08-06T15:23:45+00:00

This is no problem! We can obtain all the relevant documents from your lender. The more information you provide us the quicker we can get the ball rolling with your claims.

What if I know longer own the property I mortgaged?2019-08-06T15:23:30+00:00

If you have been forced to sell your home or downsize due to being unable to afford it, this is a strong ground for a mis sell, there is a strong chance that your mortgage was mis-sold.

My mortgage was joint with a person I no longer speak to or they are now deceased?2019-08-06T15:23:15+00:00

That is fine we are still able to take your claim forward on a single applicant basis, however you will only be eligible for half of the total amount compensated, if your claim is successful.

If the applicant is deceased, we would need the death certificate, name of the executor of the deceased estate, and grant of probate or letters of agreement. Please be aware not all lenders supply the relevant information for the deceased, in this instance we will not take the case forward if the claim is only for the deceased.

What are the fees?2019-08-06T15:22:54+00:00

Civil Claim Services Ltd do not charge anything for the initial investigation and referral to the solicitor. Once we have identified you have a potential case, we will place your case with the most suited solicitor on our panel. Whichever legal team you are placed with, they will take your case forward on a complete no win no fee basis. Depending on which solicitor the case is placed with, your fees will typically range between 25-35% + VAT. Certain law firms will take out an After The Event Insurance policy (ATE policy) to ensure you are protected from paying any legal fees if your claim is unsuccessful. To make things crystal clear, you will not be charged if your claim is unsuccessful.

How long does the claim take to settle?2019-08-06T15:22:33+00:00

As these cases can be quite complex, it can take around 12 – 24 months to complete.

Am I still eligible to claim if I am in an IVA or Debt Management Plan?2019-08-06T15:22:07+00:00

Our legal team can still take your claim on, if your claim is successful, any awards (minus the charges payable for the successful claim) will go towards your IVA or DMP. If you still have money left over after paying into the IVA or DMP, the remainder will be awarded to yourself. We also have a product which is much more suitable than an IVA or DMP which is called debt write off, our legal team can take you out of the IVA or DMP and put you into a much shorter plan with less of a negative effect on your credit file, just ask your claims handler.

What if the broker/advisor is no longer trading?2019-08-06T15:13:39+00:00

If the induvial or firm who arranged your mortgage is no longer trading, that is fine the legal team will lodge your claim with the Financial Services Compensation Scheme (FSCS).

Will making a claim affect my mortgage?2019-08-06T10:08:56+00:00

Regardless if your mortgage was self-certified and the broker who advised is still trading or not, your mortgage provider has a duty of care and a responsibility to treat you fairly. Under no obligation do they have any right to ask for the mortgage to be repaid or change the payments because a claim is being made.

CONTACT US

13 Market Street
Northwich
Cheshire
CW9 5BD

0800 862 0605

Get in Touch or Request a Call Back