Numerous individuals already sent their complaints and issues on the Financial Ombudsman Service (FOS). The Financial Ombudsman is alarmed with this type of problem due to the number of complaints in the uk. The Financial Services Authority or the FSA and the Financial Ombudsman joined forces to develop and implement some rules and regulations well known as the MCOB or the Mortgage Conduct of Business to eliminate or at least decrease the continues growing number of the mis-sold mortgages scams through the country.
The victims with this type of scam generally are the unemployed people, self employed, part time workers, retired, on benefits, students and also those who has pre existing medical condition. This really is a clearly an indicator that this type of problem is really a serious problem and it has to be stopped promptly. After thorough investigations, the authorities have discovered out that many mortgage brokers, together with their lenders are really involved with this kind of issue. The authorities have then decided to reprimand and penalize the mortgage agents and lenders that will be proven to be guilty of mis-sold mortgages scam. They fined those mortgage brokers involved, thousands and even millions of pounds were being paid on the victims of mis-sold mortgages who made a claim. Even large and big financial firms are fined by the authorities. There are plenty of victims however who have been given a chance to reclaim all the money that they have spent with their mis-sold mortgages that they have received. They seek out the guidance of the authorities so that they may claim the many cash that they truly worked for.
Authorities are not sufficient to handle all the mis-sold mortgages cases that were sent to them. That is why a lot of claiming companies and special solicitors used a long time training and focusing on this area. So, just in case you fee and you believe that you were a victim of mis-sold mortgages scam, do not hesitate to find the help and assistance of the appropriate lawyer that will handle your case properly, on a no win, no fee purpose.
Author Resource:
Nancy Williamswrites about Mis-sold-mortgages and other financial products for British based site www.bankcharges.com . She also covers unfair credit card charges and the financial claims niche generally, in addition to writing pieces on personal finance, house sales, repossession and business finance.
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