mortgage reclaim?

Lacey2013

today I had a phone call from a company claiming that I could have a right to get back money from my mortgage lender, due to a) using a broker who put his fee on the top of my mortgage b) because I took it out since 1998 c) because I was only offered on deal which may not of been the best deal available to me and could of been offered as worth more to the broker. is this true? and if it is how can I claim this myself ( they wanted to do the claim and have 35% of the refund! as if!)

ACG

a) Nothing wrong with adding the fee to the mortgage. I offer clients the option of adding or paying up front. Its about 50/50 between people adding it and paying it off.
b) Not sure what has happened since 1998 that means you cant add fees?
c) How do they know what you were offered? Unless they have seen the research, how do they know?

You havnt said anything that shows you have been miss sold a mortgage. Even if adding a fee was wrong (which its not) im not sure how adding a brokers fee means you can claim back 35%.

Is there anything that makes you actually think you were miss sold the mortgage? If so, do you have any evidence to back it up?

Lacey2013

I thought it was suspicious as they asked me for a fee upfront! thank you for your quick reply and I shall not give them another thought!

GDVS

There have been quite a few threads on here recently in a similar vein, it's just a bunch of ambulance chasers on a fishing expedition and best ignored really.

dunstonh

a) using a broker who put his fee on the top of my mortgage

Nothing wrong with that. Its a myth put out by dodgy claims companies

b) because I took it out since 1998

Mortgages didnt become regulated until 2004

because I was only offered on deal which may not of been the best deal available to me

And who is to say they didnt? Do you have any reason to think you did not get the best option on their panel?

is this true?

No. Its complete BS.

as they asked me for a fee upfront!

advance fee fraud. Tell lies to attract your greed and hit you with a fee that you are willing to pay because you think you will get more back.

Lacey2013

thanks people! and the company that called me with all these false claims is called fusion consumer solutions. be aware!

ACG

Ask them how confident they are of getting you money back and how much they can get you.

If they say theyre confident, ask them for 10% of that amount upfront and they can keep 90% and you will sign the forms straight away - watch them back down.

kingstreet

As a matter of interest, at the time of applying for your mortgage, did you have any adverse credit history and with which lender was your mortgage arranged?

I'm curious. Nothing more!