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Miss selling? - Help please!
barry6
Posts: 1 Newbie
Please, I would be grateful for any advice. I have a mortgage arranged through a broker itaken out in 2002 with RBS. Both the broker and RBS insisted that I we took out Life Cover (letters to confirm this) which was suficient to repay the loan for the term of the mortgage, The mortgage was for 12 yrs, and the broker arranged the life cover through Norwich Union. Who would I be claiming from if this is mis selling?
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Comments
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Who would I be claiming from if this is mis selling?
Quite possibly no-one as it is before 2005 (regulation started in 2005). Many advisers, but not all, would not need to consider your complaint.
If you used a fees-free mortgage broker then they are allowed to insist on insurances being bought through them. The insurance is where they make their money and that allows them to be fees free on the mortgage.
if you still wish to pursue it, you complain to the adviser. Not he insurer or lender.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
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