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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage hidden fee claim back
Comments
-
Its not really for us to say you have been scammed. However, lets look at the basics and make your own mind up. We know of one successful court case and we know how the court ruled.
1 - did you use a mortgage broker? if yes, move to question 2. If no, you have no complaint
2 - did you use an independent mortgage broker or whole of market adviser? if independent, then move to question 3, if whole of market then you have no complaint
3 - did the independent disclose their fee and the amount of commission (note commission has appeared on the KFI for some years now)? if they didnt disclose they were getting a commission and how much then move to question 4, if they did disclose it then you have no complaint.
4 - if you are on here then you have a potential complaint. So, take the amount of your mortgage and multiply by 0.3% (average mainstream mortgage commission). That is the amount you are due back.
If you have got to point 4 and have say a £100k mortgage then a complaint could raise you £300 if you get the commission refunded. You paid £695 and were given a false promise of £20,000 which is just a random figure pulled out of thin air.
This is an explanation of advance fee fraud: It is where you are enticed by the promise of some eye watering amount to be paid to you but first you have to pay a smaller amount to them to enable you to get it. Yet in reality, the promised figure never existed or was totally unrealistic the amount possible.
So, based on that, do you think fraud or genuine?
Also, there is no company with the name "signey" in authorised by the ministry of justice. register is here: https://www.claimsregulation.gov.uk/search.aspxI 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 -
I've messaged you the details Matt.
For anyone else unsure of particular websites, check out the WhoIs on Nominet. If you find that website that is offering half price iPhones is actually registered by someone in a back street of China, then stay clear!
Original Mortgage £68456.47
Now £53521.10 - Mortgage to be cleared April 2014 (32 months and counting!)0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards