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!
Mortgage broker billing me for cancelled Ins
Comments
-
Update....
I got a letter the other day telling me that their still looking into my complaint, they will write again in 14 days to update me......I'm not lost. I'm just going the long way round.....0 -
you would think this would be a fairly quick issue to resolve. Keep us informed.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
-
Got word on Friday, Not the result i had hoped for but i am happy that the complaint has been dealt with correctly.
I have accepted the terms of paying a fee on about three or four different documents. All of which i just signed in trust of a verbal discusion on the document. I have learnt that in future i MUST read it fully before just signing up to things. The disputes team have explained in good depth the reasons for the result they have come to. I have had a small good result as the broker has to pay me a sum back as they have overcharged me.
As i niave 18 year old to have one small problem from all the potential problems i could have had back then with no Mortgage or finance experience i suppose in a way i wasn't as unlucky as i could have been.
At 21 now i have recently had a much better result with arranging my most recent mortgage and i know i don't have any nasty suprises waiting around the corner on this one! (Mostly thanks to this site)
Although i lost, at least i tried and in trying i have understood were i went wrong and how to avoid such problems in the future. Thanks to all advice given.I'm not lost. I'm just going the long way round.....0 -
Thats a shame. The fee agreement you signed was the killer. Although the FOS may still rule in your favour if the amount was not specified and they are trying to claim the full amount. Clawbacks reduce as time passes.
I would say never agree to a clawback agreement. No decent adviser would include that in their terms.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 -
The amount was specified. And commision amounts were also specified so thats how i've managed to be owed a sum. Like i said above i just signed things after a discussion about the documents rather than reading them myself so i never knew what i'd agreed to (me = idiot!)
Thanks again for all your helpfull advice..... Hopefully shouldn't see myself in this position again.I'm not lost. I'm just going the long way round.....0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards