Mis-sold Financial Claims
If you feel you have been mis-sold a mortgage or a pension, our team of expert financial claims solicitors at McDermott Smith Law can assist you with your case from start to finish.
When it comes to either mortgages or pension for most of us, it becomes a minefield of information, legal documents and conditions. Due to the complexity and nature of obtaining either a mortgage or pension, it’s often the case that you relied on a financial advisor, a broker or the lender to guide you through the process. During the process, if any rules or regulations weren’t followed set out by The Financial Conduct Authority – then you may have been mis-sold your mortgage.
Our team of experts will help identify if you were miss-sold either a mortgage or pension.
Mis-sold mortgage examples
Some ways you might have been mis-sold a mortgage:
- your mortgage end date is after your retirement date
- you weren’t told about the commission the adviser would receive from the lender
- you were advised to self-certify (borrow money without proving your income) or overstate your income in order to borrow more
- you were advised to switch lenders and weren’t told about the fees and penalties
- you were given a fixed-rate mortgage and told to remortgage to a better deal later on, then incurred penalties for leaving the fixed-rate early
Mis-sold pension examples
Some ways you might have been mis-sold your pension:
- you weren’t told about the risk involved
- you weren’t told how your money would be invested
- the product didn’t suit your needs or attitude to risk that you discussed with the adviser.