miss sold mortgage interest only

connor08

shortchanged wrote: »

Compensate for what?? This is what people are asking on here. No one can give you any advice because you have given very few facts.

In what way have you been disadvantaged from this situation?

I can't give you the facts because I don't have them one. Way I have been Diss advantaged I'm stuck.with a horrible mortgage company who are thieving !!!!!!!s. 2 they made a decission to change.my mortgage with out letting us know. Weather to accept or reject if they asked me to accept a product they would have had to.change I would have rejected because its too.dodgy to me. They are supposed to sell you mortgages and be honest with you that that product suits you. Basically Not to suit.them I can under stand you being impatient but this company have left us bewildered I will phone the fscs and ask them what they actually mean by finantial loss

connor08

connor08 wrote: »

I'm not saying that I'm saying I've been told to claim compensation from the finantial services compensation scheme I'm trying to find out in which way would they compensate me does anybody know how they compensate

If it was payment protection insurance then they would refund me what I had paid in.

betmunch

connor08 wrote: »

I can't give you the facts because I don't have them one. Way I have been Diss advantaged I'm stuck.with a horrible mortgage company who are thieving !!!!!!!s. 2 they made a decission to change.my mortgage with out letting us know. Weather to accept or reject if they asked me to accept a product they would have had to.change I would have rejected because its too.dodgy to me. They are supposed to sell you mortgages and be honest with you that that product suits you. Basically Not to suit.them I can under stand you being impatient but this company have left us bewildered I will phone the fscs and ask them what they actually mean by finantial loss

Are you now saying the mortgage company is doing something outside of the contact you are in?

Or are you just annoyed that you are paying a higher interest rate than is currently available?

betmunch

connor08 wrote: »

If it was payment protection insurance then they would refund me what I had paid in.

Only if you hadnt had a benefit from the policy.

You have had the benefit of living in the house.

Your posts have gone from a possible rare case for a missold mortgage to what seems to be ranting about the unfairness of it all.

shortchanged_2

The more I read, the more this looks like a no goer to me.

connor08

betmunch wrote: »

this is going nowhere fast.

it would seem you asked for interest only and you got interest only.

There is definitely a possible mis-sale as it seems you got a different product to the one you signed for.

However, any compensation is going to be calculated on the difference between what you thought you had and what you actually got.

I dont see that the broker fee should be refunded, and from the lack of info coming through its very possible the broker acted in your best interest and may have got you a better product than what you expected.

we already had the product that expected. When we signed the mortgage documents then the broker went behind our backs and arranged to.change our mortgage to a fresh start 80 product this product lowers your evaluation on your house so you can only borrow 80 percent of the value of your property. It's all we know. According to the law in 2007. According to.the finantial.conduct authority.they would have had to give me a new mortgage offer new terms and conditions and new paperwork to sign they can't change your mortgage without your consent. But they have we borrowed 90,600 plus 995 broker fee under interest only 30 year mortgage this was in 2007

betmunch

connor08 wrote: »

we already had the product that expected. When we signed the mortgage documents then the broker went behind our backs and arranged to.change our mortgage to a fresh start 80 product this product lowers your evaluation on your house so you can only borrow 80 percent of the value of your property. It's all we know. According to the law in 2007. According to.the finantial.conduct authority.they would have had to give me a new mortgage offer new terms and conditions and new paperwork to sign they can't change your mortgage without your consent. But they have we borrowed 90,600 plus 995 broker fee under interest only 30 year mortgage this was in 2007

Ok, your just cutting and pasting unhelpful stuff.

In the words of Dancan Balantyne, I'm out.

Good Luck with your claim the FSCS will give you a fair outcome.

GMS

Please answer the questions below:

• Did you have adverse credit?
• If so what was it and when?
• Did you self certify your income?
• If you did self certify could you have proven your income?
• Did your solictor run through the terms of the offer?
• Did you sign the mortgage deed?

connor08

connor08 wrote: »

we already had the product that expected. When we signed the mortgage documents then the broker went behind our backs and arranged to.change our mortgage to a fresh start 80 product this product lowers your evaluation on your house so you can only borrow 80 percent of the value of your property. It's all we know. According to the law in 2007. According to.the finantial.conduct authority.they would have had to give me a new mortgage offer new terms and conditions and new paperwork to sign they can't change your mortgage without your consent. But they have we borrowed 90,600 plus 995 broker fee under interest only 30 year mortgage this was in 2007

According to the first documents we signed my mortgage with.kensington. We were never given documents for the change of product so we're never given the risks the amount to pay back the interest rate.or the overall.costs neither the terms and conditions or even the offer to accept or reject.the offer meanwhile. I have one set of documents Andy mortgage has a different set.we have the original.documents we signed for and the original terms and conditions and the copy of the deeds.before it got changed we never recieved documents for the fresh start 80 product my argument is we never signed for this mortgage which we didnt we only signed for the old mortgage which was scrapped.

Thrugelmir

connor08 wrote: »

we already had the product that expected. When we signed the mortgage documents then the broker went behind our backs and arranged to.change our mortgage to a fresh start 80 product this product lowers your evaluation on your house so you can only borrow 80 percent of the value of your property. It's all we know. According to the law in 2007. According to.the finantial.conduct authority.they would have had to give me a new mortgage offer new terms and conditions and new paperwork to sign they can't change your mortgage without your consent. But they have we borrowed 90,600 plus 995 broker fee under interest only 30 year mortgage this was in 2007

Why has this only become an issue some 8 years later.