Mortgage Mis-selling

a-and-k

Hi all

Not sure if this is in the right section but I'm looking for some advice on a re-mortgage we took out almost 3 years ago with a broker Brightside mortgages. Been having a long hard think about their service and I feel that they pressured us and didnt necessarily sell us the right product. Promising us that they would be able to clear our card debts off by offering them a lower settlement figure which in the end didnt materialise and left us struggling just as much. Also advising us to pay off our secured loan which was originally for 40k and we ended up paying back 48k. At the time we were so desperate to to try and get things back in order we agreed to it all when infact its made us alot worse off.

Any comments of advise, thank you

dimbo61

Viewed 59 times and no comments!
You ran up the credit card debts YES
You took out a secured loan of £40k on your home YES
This broker 3 years ago got you a new deal and a new EXPENSIVE mortgage YES
In todays market I doubt you would even get a mortgage at all.
How much equity do you have in your home ?
You are spending more than you earn
Have a look on the debt free board.

dmg24

Another post demonstrating why people should not be able to gain credit if they do not understand what they are doing.

dunstonh

I read it yesterday and couldnt see a problem. It just looks like debt consolidation for someone that continued to borrow too much.

didnt necessarily sell us the right product.

and what product would be the right one if a mortgage isnt?