The Basics About Filing a Complaint Against Mortgage Mis-selling
If you suspect that you are a victim of mortgage mis-selling after thoroughly going through the financial advice that was provided to you during the course of mortgage agreement being drawn, you might want to proceed to the next step which is filing a complaint about the mortgage endowment that was mis-sold to you.
First and the foremost, the company that was the seller of the mortgage loan should be contacted. Every firm has to have a helpline that is supposed to guide the consumers through the formal procedure of filing a complaint when it comes to mis-sold mortgage. If the services of an independent financial advisor were used when you were buying the mortgage, then the adviser office should be contacted. If the response does not satisfy you then the relevant Financial Services authorities should be contacted in your area. Their consumer helpline is a good source of guidance for mortgage consumers in distress.
Consumers can be sure that the new regulations have served well in encouraging the service providers to not to indulge in or strictly refrain from selling the mortgage loan by misrepresenting it, making them aware of the dangerous legal situations they might find themselves in if they do sell such deals.