Broker Misrepresentation

Stokey125

Can I ask for some views on this. Walker Hammond sent me a letter saying that I had acceptance in principle for a loan. I had to pay a fee in advance as according ot their literature they do not receive a fee from lenders. To cut a long story short I eventually got offered a loan for less than the amount that I had been accepted in principle for but I needed a guarantor. When I received the loan application form it should a payment to the broker of £300. As Walker Hammond state on their website that they do not receive any commission if this payment is in fact payable to Walker Hammond would I be able to reclaim it from them as they misrepresented the facts to me when I originally asked them to source a loan.

What do others think

dunstonh

It will be documented as an admin and arrangement charge. The loan was arranged so why do you think you are entitled to get the admin charge back?

Stokey125

dunstonh wrote: »

It will be documented as an admin and arrangement charge. The loan was arranged so why do you think you are entitled to get the admin charge back?

The question is not about the admin charge the question is if they fail to disclose that they will receive a commission and then receive a commission are they entitled to keep the commission