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
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply
Compensation fo mis-sold mortgage Isa
mopickett
Posts: 4 Newbie
My husband & I previously had Stock & Shares ISas to cover an interest only mortgage and I recently had a phone call from a claims management company letting me know that I could claim compensation for ISA mis-selling either from banks or your financial advisor. Does anyone know anything about this?
0
Comments
-
How would a claims company, whom don't have access to your point of sale file, have any idea if you were mis-sold or not ?
A S&S ISA to cover an interest only mge (f you have at least a medium ATR), isn't a mis-sale on the face of it.
Do YOU believe you were mis-sold, if so why ?
Hope this helps
Holly0 -
The claims company will tell you all sorts of things to get you to generate a complaint. Their sales reps no nothing about you or what the files say. They are just looking for a commission.
S&S ISAs were very common for interest only mortgages. Indeed, they were more tax efficient and lower cost than endowments and had more moved that way earlier, then people may still be using them today.
What would be your reasons for complaint?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 -
I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
-
-
Never trust these cold-callers. They are scammers. They will charge an up-front fee then do a runner.My husband & I previously had Stock & Shares ISas to cover an interest only mortgage and I recently had a phone call from a claims management company letting me know that I could claim compensation for ISA mis-selling either from banks or your financial advisor. Does anyone know anything about this?poppy100
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards