There are many reasons why a mortgage may have been mis-sold to consumers however the key question is whether or not consumers were treated fairly by their advisor or mortgage provider.
There is likely to be many hundreds of thousands of interest-only borrowers who may be due compensation after being mis-sold mortgages by their mortgage advisor or broker. Regulatory rules and guidelines were often breached by mortgage advisors in relation to affordability and suitability.
Issues such as no provision of a repayment vehicle, undisclosed commissions and self cert applications are examples of mis-selling.
Let us assess if you may be due a claim.