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Mis sold mortgage?
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I understand that the FSE has declared that there were no mis sold mortgages
No. However, both the FOS and the FSCS have criticised claims companies for putting in spurious complaints and the vast majority of which fail.My mother is 88 years old and was sold an interest only mortgage approx 15 years ago (so she would of been 73) of 150.000
And the problem with that is what?I am shocked that a person would be eligible for a mortgage of this size
Lots of retired people raise capital against their property in retirement.Is there anthing i can do to free her of this monthly commitment and/or this mortgage
1 - equity release
2 - repay it
3 - sell the house
You may want to ask her what she did with the £150,000.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
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