Were you a Victim of Right to Buy Mortgage Mis-selling?

Posted on 02/02/11 3 Comments

The Right to Buy scheme was intended to help council house residents buy their homes and get on to the property ladder. By offering the tenants a reduced mortgage rate (usually by about 32%) they were more likely to be able to afford the mortgage and buy the house, rather than rent it.

However, although this seemed like a brilliant scheme, giving thousands of council house residents a chance to own a property, many of the participants were left vulnerable to mis-selling by the mortgage providers.

Forms of Right to Buy mortgage mis-selling included:

Brokers adding a large fee onto the mortgage
Mis-selling of Payment Protection Insurance (PPI)
Increased mortgage rates after 3 years

If you bought your council house under the Right to Buy scheme you may have been a victim of this mis-selling. If you have PPI on your mortgage, have noticed a sharp increase in your mortgage repayments or paid a large broker fee you may be able to make a Right to Buy claim.

If you have been mis-sold your Right to Buy mortgage you will not be covered for the loss by your home insurance and should contact Cloud 9 Claims to discuss your options. You may be able to claim compensation for any mis-selling or even reduce your mortgage costs by getting rid of PPI you don’t need or want.

3 Comments

ian taylor says:
Thursday, May 5, 2011 at 4:18pm

Bought council house via HADENGLEN. Remortgaged 3 times and each time was put on higher rate and always always charged £2000 in fees. I eventually lost my house through repossession and have just found out about their bad practices. I want to claim back!!!!!
admin says:
Sunday, June 19, 2011 at 7:58pm

Hi Ian,

It is possible to claim and I would invite you to complete our short contact form and one of our trained advisors will get the ball rolling for you with no upfront fees. Thanks for your comment.
ANON says:
Friday, December 2, 2011 at 11:46am

This company is a rip_off, I made a claim in August 2011 with CREDIT HERO.co.uk and they messed me about did not even send my details to the solicitors, and I tried these and they are the same company under a different name!!!!

Why Choose Cloud 9 Claims for your Mis-sold Mortgage, PPI or Care Home claims?

Cloud 9 Claims was setup with one intention – to provide a claims service to clients who do not wish to pay upfront fees for someone to handle their claim and instead would prefer a No Win No Fee alternative. This is where we come in. All of our services – mis-sold mortgages, PPI reclaim and care home claims clients are sent a contingency fee agreement. This basically means we only take a percentage of what we claim back for you, but not before you have the money in your bank.

Our claims service is constantly improving and one of the things we work hard on is speeding up the claiming process so you get your money even quicker, particularly for mis-sold mortgages as this is a relatively new concept. One thing that we would find difficult to improve on is our customer service which is second to none and something which we take great pride in. Our ongoing commitment to keeping clients updated at every stage of the process has remained unchanged since day one and from testimonials we receive this seems to be something that clients look for and is an important factor in making Cloud 9 Claims their first choice for mis-sold mortgage claims, reclaiming PPI premiums and reclaiming care home fees.

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