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Right-to-Buy Mortgages

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HAVE YOU BOUGHT YOUR COUNCIL HOUSE

IN THE LAST 6 YEARS ?

The Right-to-Buy scheme was intended to help council house residents buy

their homes at a discount. Depending on the length of tenancy decided the level of discount and rose to the maximum of 60%. What was considered a brilliant scheme to allow people into the world of home ownership for the first time also gave others an opportunity to abuse their position and missell the mortgage.

Right-to-Buy Mortgage mis-selling became a regular occurrence as the scheme expanded and more people took their first step to home ownership. Mortgage brokers and marketers realised that they could cash in on the subsidised purchase price by adding on high mortgage arrangement fees. In many instances these could be thousands of pounds.

They would offer to take care of all the paperwork in return for a fee which would be added to the mortgage. What they didn’t tell the borrower was the fact that they would be charged interest on the fees for the term of the mortgage. In a lot of instances solicitors were chosen by the advisor and in some cases they falsified quotes for home improvements to secure a larger mortgage to cover their own fees.

There are different types of missold mortgages but these include:

Brokers adding a large fee onto the mortgage
Increased mortgage rates after 3 years
Misselling of Payment Protection Insurance (PPI)

Was your mortgage arranged through one of these companies:

The Review Company
Home and County Mortgages
Council Home Buyers
Tenants Rights
Regency Mortgages
Diamond Lifestyle Mortgages

These are just some of the companies that were involved in charging high fees that amounted to thousands of pounds.

If you think you were missold a Right to Buy mortgage contact us today for a free assessment.

If we think you have a case we will complete a free audit and take the case on a No Win No Fee No Risk Basis.

So what have you got to lose?

We can tell you, what you have to gain!

MISSOLD MORTGAGES IS A COMPLICATED AREA. LENDERS WILL EMPLOY LEGAL TEAMS TO COMPLICATE AND DEFLECT YOUR CLAIM. OUR AUDITORS AND FULLY CONVERSANT WITH FSA RULES AND MORTGAGE LEGISLATION.

Mortgage Claims UK is a trading name of Claimline UK Ltd. Authorised and regulated by the Ministry of Justice in respect of Claims Management Activities CRM11649

Claimline UK Ltd. County House. 221-241 Beckenham Road, Beckenham, Kent BR3 4UF. Data Protection Z120155X.