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mis sold loan/morgage

could you maybe answer this for me please.
i was recently contacted by cento client review regarding being mis sold my mortgage or loan. i did not sign up with them and most definately wont be, however the gentleman i spoke to did get my mind thinking.

he claimed that when any loan or mortgage is sold in the uk and the witness signature must be done in the company of the lender aswell as the borrower and that if this is not adhered to then the agreement has been mis sold. is this the case??

Comments

  • dunstonh
    dunstonh Posts: 121,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    he claimed that when any loan or mortgage is sold in the uk and the witness signature must be done in the company of the lender aswell as the borrower and that if this is not adhered to then the agreement has been mis sold. is this the case??

    No. That is complete bull. How do you think people apply for these things direct/internet?

    It sounds like a Cento sales rep is getting desperate and is making things up to try and get you to sign up with them. I'm afraid it is not uncommon for dodgy claims companies to make things up or distort the facts in an attempt to get you to commit with them.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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