Interest-Only Mortgages

NRF07

Hi all,

A company has got in touch with me regarding an interest-only mortgage I once had. Is there any template letters I can use for this type of case (as per bank charges etc) as I really don’t want to pay this company roughly 50% of the potential pay out?

I arranged through a broker so is this still mis-selling? What is the success rate on these cases?

Thank you!

Regards

Nick

TonyMMM

Why do you think it was mis-sold ?

NRF07

It was about 10 years ago, to be honest I don’t really know, it was the only affordable mortgage out there at the time but this company thinks I have a claim?

Edi81

They are trying it on!

Search on here and you’ll see lots of people have been contacted. You’ll be asked to continue giving them more money for your claim. Avoid!

Thrugelmir

NRF07 wrote: »

It was about 10 years ago, to be honest I don’t really know, it was the only affordable mortgage out there at the time but this company thinks I have a claim?

Did you overstate your income or underdeclare your outgoing on the application form?

NRF07

It’s no win no fee?

No I didn’t falsify anything at the time...

tacpot12

If the company thinks you have a claim, you need to use them and risk giving them 50%. Otherwise you need to read around the subject to understand what firms did incorrectly and then see if you can prove that you were not treated correctly.