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Quanta Law - Misold interest only

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Comments

  • af77
    af77 Posts: 6 Forumite
    Fourth Anniversary First Post
    Hi all, 
    Ive had same been going along with it so far but now saying passing over to Quanta Law as i have a good chance of a claim. Im guessing your advise would be steer clear ? What sort of liabilities if i go through with the claim ?
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You'll normally buy an expensive and useless insurance policy from them. 

    There's the obvious risk of potential consequences of making a fraudulent complaint, but as long as you know you have a valid complaint, you'll be fine.

  • The_squirrell
    The_squirrell Posts: 257 Forumite
    Sixth Anniversary 100 Posts Name Dropper Photogenic
    Of course they tell you that you have a good chance of a claim....that's so you take out the loans etc.What have they based their conclusions on?
    I work in Data Protection and spend my days dealing with CMC's. Only here trying to help!!
  • af77
    af77 Posts: 6 Forumite
    Fourth Anniversary First Post
    cheers both. I used a independant advisor who has since dissolved his company. So not sure if they can get anywhere ? 
  • dunstonh
    dunstonh Posts: 119,817 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Ive had same been going along with it so far but now saying passing over to xxxx as i have a good chance of a claim.

    I think that is pretty much the scripted answer you get from many of these companies.

    I used a independant advisor who has since dissolved his company. So not sure if they can get anywhere ? 
    If the mortgage was bought before October 2004 then there is no-one -to complain to.   If it was bought after that then the FSCS can be used but the success rate is single-digit figures and the FSCS has recently blasted companies putting in false claims.

    What exactly are they claiming has been done wrong?
    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.
  • has any one had a successful claim against miscalculated mortgage interest rates thanks kirsty
  • brettcta
    brettcta Posts: 4,693 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    kmcn1980 said:
    has any one had a successful claim against miscalculated mortgage interest rates thanks kirsty
    I’m sure someone has but the actual numbers are incredibly low.
    helpful tips
    it's spelt d-e-f-i-n-i-t-e-l-y
    there - 'in or at that place'
    their - 'owned by them'
    they're - 'they are'
    it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)
  • brettcta said:
    kmcn1980 said:
    has any one had a successful claim against miscalculated mortgage interest rates thanks kirsty
    I’m sure someone has but the actual numbers are incredibly low.
    And the amounts are also incredibly low - (compared to what a CMC will tell you)

    I work in Data Protection and spend my days dealing with CMC's. Only here trying to help!!
  • I signed initial forms for Quanta Law to get my file from the lender and have an email asking me to complete their "online signup" for them to proceed. I don't want to proceed and I want to stop any progress on a claim by them. Do I just not complete the online signup or do I need to contact them? I would appreciate any advice. Many Thanks.
  • dunstonh
    dunstonh Posts: 119,817 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You dont complete anything that enters you into a contract.   You inform them that you do not wish to proceed.
    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.
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