📨 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!

Have I been mis-sold a mortgage and due compensation?

Options
2

Comments

  • haras_nosirrah
    haras_nosirrah Posts: 2,208 Forumite
    Can you answer the question. Why do you think the mortgage was missold? If you tell us what you think is wrong with it we can tell you if we think you have a valid reason
    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.
  • amnblog
    amnblog Posts: 12,730 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    MLSY wrote: »
    why has it taken 15 years for you to think you were mis sold or the paperwork was lacking ?


    Because the call only came in today!
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • KarenStew88
    KarenStew88 Posts: 58 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Yes, the call came in today but it was only when my Mum pointed out that I had a mortgage that was dealt with by someone else in 1999 that I wondered if it had been mis-sold. I only received all the legal documentation from the conveyancer and building society a few months ago because of a court case, as my ex-partner had destroyed all the house and mortgage evidence. (long story)

    Reading through the paperwork, the details for the house were wrong such as the deposit amount paid, and whose name the mortgage and house were in. (Hence court case)

    I wondered if there was an insurance attached to the mortgage that I need to go and find that might have been sold to me without knowing or something similar. Compared to my last mortgage (2013) the paperwork is completely different and no where near as involved!

    BTW, I won my court case once I provided all the evidence. The ex had no claim once the court saw the paperwork.
  • dunstonh
    dunstonh Posts: 119,765 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I wondered if there was an insurance attached to the mortgage that I need to go and find that might have been sold to me without knowing or something similar.

    How would it be without your knowledge? These things are not invisible.
    Compared to my last mortgage (2013) the paperwork is completely different and no where near as involved!

    It would be. 2013 is after regulation. 1999 is before regulation.

    Nothing you are saying suggests any mis-sale of anything. ignoring the fact it all appears to a pre-regulation mortgage.
    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.
  • KarenStew88
    KarenStew88 Posts: 58 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    dunstonh wrote: »
    How would it be without your knowledge? These things are not invisible.

    I was just told to sign the mortgage papers whilst he put together all the paperwork and did the 'research'. I never saw the paperwork again until I requested it from the building society. At the time, I had no reason to think he was going to get a mortgage out in my name and try and abuse the mortgage later...
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Keep your head down. If a Building Society discovers that it let you mis-buy a mortgage, it might pursue you in court.
    Free the dunston one next time too.
  • Idiophreak
    Idiophreak Posts: 12,024 Forumite
    10,000 Posts Combo Breaker
    Think people are coming down hard on the OP here. A lot of people wouldn't have had a "problem" with their PPI until, all of a sudden, there was a lot of fuss about it being something you can get free money from. Then a lot of people went, looked at their paperwork and made claims.

    I think the OP was only asking "is this a thing? is it worth me going and looking in more detail?".

    That said, I find the whole PPI thing quite mind-boggling, so might not be the right person to comment.
  • KarenStew88
    KarenStew88 Posts: 58 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Thanks Idioph that's exactly what I was trying to say!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The simple answer to your question is no.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    KarenStew88 wrote: »
    Compared to my last mortgage (2013) the paperwork is completely different and no where near as involved!

    Regulation has changed in that time frame. In the future lenders are more likely to be pursuing borrowers.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture