Martin Q&A about his work and the site

.. you.

A friend was allegedly defrauded by their adviser when they applied for a mortgage.
They applied for a product that had the survey included as many mortgage product did back then. The lender they choose offer this aspect as one of their main USPs as a matter of fact.

Allegedly the adviser omitted to outline this clearly

During the application the adviser took payment for a valuation survey although the only survey conducted was the valuation by the lender. This was the inclusive survey they, the lender, offered anyway. Records are kept by the surveyors detailing who instructed the survey valuation.

It has come to light that this has happen to a number of parties now!

Is this the next PPI scale discovery?

If you're advised by a party that gain a placement fee payment from the lender for providing said advice and who was a qualified party too. Where does the blame elevate to if this party defrauded the mortgagee.
The Lender?
The Adviser?
The Packager?
The Packager's malpractice insurer?
The Adviser's malpractice insurer?
The Lenders Insurer/s?
Or all the above?

Once the fraud is proven through transaction history/record such a scanned copies of the cheque/s used to pay the supposed valuation company. What would the next steps be?

MSE can you help what could be 1000's of mortgagees, some repossessed, some struggling and some just cheated...

Regard
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