Mortgage Broker concerns

oranges_lemons

Thank you all for your comments and advice, it has been most helpful and will give us something to look into. I think my son will have to take her to the small claims court and report her father to the FCA. 

ACG

dunstonh said:

 Is there any way he can make a complaint about her father and make him pay for his daughters debt?

What the father did was not a regulated activity.  So, no.   But......

I doubt you can get very much redress for this, but you could try:
https://www.fca.org.uk/consumers/how-complain

Although this is the case, dont forget we have to act fit and proper. Is playing the system and palming your daughters debt off on someone else acting fit and proper? Is this someone who should be working in financial services? 

The FCAs reach is to improve the reputation of financial services. Im not suggesting they will take on cases this small, but if the broker is under a firm or a network, they might. 

Jemma01

* Did your son pay her via a bank transfer? 

* Did she then pay the debt off?

* How much evidence does he have to back his story up?

* Has she made any single payments to him? Or her parents?

* What also helps him is that he took a loan to pay her debt of 20k, he didn't have the money to "gift" it to her, so she will have hard time claiming it was a gift, and that there was no promise of repay.

It does sound like he has a chance. Esp as the broker was indeed her father and he has some formal communications with him and that he put their application forward. Think the dad is putting his reputation on the line. That conduct cannot be acceptable.