Miss Sold Mortgages/Solicitor/DIY?

[joy1958]

I've been looking at miss sold mortgages do most people go to a firm with no win no fee or go to a solicitor or DIY themselve? I first purchased my property from my local council through my bank on a right to buy.

 

I took out a loan with my present company secured on the property 6 months later this same company sent out with regards remortgages by letter.

 

They offered a self certified mortgage with a fixed rate for 3 years,consolidated some loans and released money for home improvements,It had early redemption figures added to it if I sold my property within 3 years.It has a redemption fee of 250.00 if the house is sold.Added into it is the completion fee as well as the Legal Fee.

 

On the application only loans/credit cards show as any financial status no household out goings.On the mortgage illustration and offer it states that 'The terms of this mortgage reflect past or present financial difficulties'.

 

They sent out letters stating that they might of miss sold the mortgage.Then later on they seemed to want people to move their mortgages to their Business Partner.They stopped lending sometime later which they never told me about so when I had difficulties they couldn't offer me anything else.

 

I'm tied in by the interest rates which are linked to the Libor rates which are 9.44%.They'll never go down only up.The mortgage also goes past the retirement age.

Edited January 28, 2013 by citizenB
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[citizenB]

Consumer Action Group is a self help site so we would be unable to advise solicitors etc.

 

I will try and find someone who can perhaps advise what you might need to do.

[citizenB]

http://www.consumeractiongroup.co.uk/forum/showthread.php?380278-Libor-link-in-Guardian-Care-Homes-legal-case-against-Barclays-could-open-floodgates-for-claims

 

As you can see in the link above - some movement is being made and hopefully the banks will get their fingers burned again !!

[joy1958]

Thanks for the relies so far.I've been looking into lots of things.The libor rate being one.

[caro]

Who is the lender joy?

[joy1958]

The mortgage was arranged with Central Home Loans but payment to Barclays.