Mis-sold Mortgage Claims

Quick Guide

  • A mortgage is considered mis-sold if it was provided without full disclosure of the risks or without considering the borrower's best interests. Examples include selling an interest-only mortgage without explaining the risks or failing to ensure the borrower understood the terms and conditions.
  • The compensation for a mis-sold mortgage varies based on the individual case and the specifics of the mis-sold product.
  • The Financial Conduct Authority (FCA) imposes a time limit of six years from the mis-sale date to initiate a claim for a mis-sold mortgage. It's critical to act promptly to claim compensation, with various mis-sold mortgage claims companies available to assist in the process and potentially secure compensation.

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Frequently asked questions

Mis-sold mortgages represent a significant financial strain for numerous individuals. If you suspect your mortgage was mis-sold—provided without adequate information or not in alignment with your interests—you might qualify for a refund. Mis-selling can range from not being informed about the risks of an interest-only mortgage to not fully understanding the mortgage terms.

The process for securing refunds is not uniform; your compensation will depend on your specific situation and the details of the mis-sold mortgage product. To estimate potential compensation, a mis-sold mortgage compensation calculator can be invaluable. By inputting details such as loan type, interest rate, and duration, you can get an estimate of your claim amount.

Be aware that the FCA has established a deadline for filing mis-sold mortgage claims: six years from the date of mis-sale. Prompt action is essential to leverage your rights fully.

While compensation amounts can vary widely depending on individual circumstances, there are dedicated companies that specialize in supporting claims for mis-sold mortgage products. They can guide you through the claim process, aiming to alleviate the financial impact of the mis-sold mortgage.

If you're dealing with the repercussions of a mis-sold mortgage, it's crucial to act swiftly to pursue compensation.

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Great Claims Ltd is not regulated by the Financial Conduct Authority (FCA) as it does not carry out claims management activities or financial promotions, as defined by the Financial Conduct Authority (FCA)

Request a callback

Want to know more about or get started with a claim?  Fill in the form and we will get back to you as soon as possible.