Mis-sold GE Money Mortgages
In November 2004 the FSA brought in a strict set of regulations designed to tighten up the way in which mortgages could be approved by lenders and provided a clear duty of care for lender and brokers to abide by. Since then, the FSA have acted on a wave of compalints about GE Money and the way they operate. The Financial Services Authority fined GE Money £1.12 million for Mortgage Mis-selling. This was the first time that a lender had been fined for failures on its lending process in an attempt to raise a sufficient amount to compensate clients for their losses.
At the last count there were an estimated 700 borrowers known to have been directly affected GE Money’s failure to follow the procedures put in place by the FSA. It has become popular belief now that GE Money may have Mis-sold Mortgages to thousands of unsuspecting borrowers.
You may not know it yet but you could be sitting on a mortgage timebomb.
If we feel you deserve compensation we will invite you to complete our Mortgage Pack so we can fully audit your mortgage. This will help determine who was at fault and what compensation you should be due. If you would like to a have a FREE no obligation chat with one of our friendly advisors to find out more about ways and reasons why you could have been Mis-sold your Mortgage contact us by completing the form below today.
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