BrunelFranklin.com Launches Consumer Mortgage Mis-selling Service

By Brunelfranklin.com, PRNE
Friday, March 4, 2011

ALTRINCHAM, England, March 6, 2011 - Following recent high profile media coverage exposing serious mortgage
mis-selling, leading consumer champion BrunelFranklin.com is launching an
innovative new service aimed at getting consumers refunds against mis-sold
mortgages. Visit www.BrunelFranklin.com or call 0800-051-5451 for
further information.

Usually associated with endowment mis-selling refunds and PPI (Payment
Protection Insurance mis-selling) refunds, Brunel Franklin is launching the
new mortgage mis-selling service in response to customer demand.

Sally Bowyer, Managing Director of BrunelFranklin.com , said: "The
mis-selling of home owner mortgages has become a major problem in recent
years and months. As a result, the Financial Services Authority (FSA) is
clamping down on a number of mortgage brokers accused of mis-selling
mortgages. In 2008 the FSA delivered a key message that it was concerned
about some mortgage brokers selling contracts to potential home owners and
either concealing details about the mortgage or encouraging them to inflate
their income for the purpose of gaining a larger mortgage. This, together
with recommendations to take interest only mortgages with no means to repay,
are just some of the examples of mortgage mis-selling; if you believe that
you were mis-sold a mortgage you may be able to claim a refund as a result."

In one recent high profile case of serious blanket mortgage mis-selling,
the FSA commented: "On lending practices, (one lender) failed to show that
customers could afford mortgages sold where the term continued after their
retirement, failed to consider whether there were cheaper mortgages available
for customers seeking self-certified mortgages, and failed to ensure that
customers had thought about where they would live at the end of the term if
they needed to sell their house to pay off an interest-only mortgage."

Worryingly many people do not realise they were mis-sold a mortgage at
the point of sale. In some cases individuals are under the impression that
steps taken by the mortgage broker were in their interest when in fact the
sales person may have been benefiting from additional commission.

Industry commentators believe that over 300,000 people in the UK have a
mis-sold mortgage. As a result many of those individuals may be entitled to a
form of compensation. The first thing you should do is locate all the
relevant paperwork and make sure everything is in order. Most specialist
companies such as BrunelFranklin.com can be contacted via phone or their
website. Once it has been established that you have been mis-sold a mortgage
then you can proceed with your application.

There is no set amount for the refund you could receive as each case is
looked at individually. Commonly the size of your mortgage and the severity
of the mis-selling will determine how much you receive.

In recent years more and more home owners have realised that they may
have been mis-sold a mortgage and as a result are thinking about or have made
a claim relating to their mortgage. Not everyone who applies will qualify for
a payment; however there is no doubt that there may be thousands of people in
the UK who are entitled to a refund.

To find out if Brunel Franklin can help you get a refund against a
mis-sold mortgage, just log on to www.brunelfranklin.com .
Alternatively, you can telephone 0800-051-5451 free of charge.

Note to Editors:

A picture accompanying this release is available through the PA
Photowire. It can be downloaded from www.pa-mediapoint.press.net or
viewed at www.mediapoint.press.net or www.prnewswire.co.uk.

Photo: Sally Bowyer, MD of BrunelFranklin.com

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    Mobile +(0)7930-697773

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Press enquiries: BeyondPR, Tel +44(0)114-275-6996, Mobile +(0)7930-697773

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