We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
mis-sold mortgage & insurance?
fu7ure
Posts: 1 Newbie
Hi everyone
I took out a mortgage 5 years ago with the lovely Northern Rock.
I had been told, moments before seeing them, by an advisor with another company that I'd need at least 90 mins to go through the whole process of getting a quote and maybe signing up. The champion salesperson at NR (plaques everywhere) managed to have us out the door in less than 40 mins, by simply skipping an awful lot of stuff. It was not made clear that the cover didn't HAVE to be the one they provided. Left the building dazed and confused, but with a mortgage.
Do I have a leg to stand on regarding this mis-sell?
Thanks
I took out a mortgage 5 years ago with the lovely Northern Rock.
I had been told, moments before seeing them, by an advisor with another company that I'd need at least 90 mins to go through the whole process of getting a quote and maybe signing up. The champion salesperson at NR (plaques everywhere) managed to have us out the door in less than 40 mins, by simply skipping an awful lot of stuff. It was not made clear that the cover didn't HAVE to be the one they provided. Left the building dazed and confused, but with a mortgage.
Do I have a leg to stand on regarding this mis-sell?
Thanks
0
Comments
-
Did they not provide you with any paperwork (after)?
How would the mortgage be missold?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
If you were not sure what it was, why did you sign anything?0
-
Sounds like the whole mortgage amount (plus interest, flowers, chocolate, a harem of beauties and some wine) should be refunded to you pronto. Pretty straight-forward case based on what you've said.0
-
It was not made clear that the cover didn't HAVE to be the one they provided.
There is no requirement for them to do so. They were tied agents after all.Do I have a leg to stand on regarding this mis-sell?
No as there hasnt been a mis-sale.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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards