Lawyers launch compensation service for 'mis-sold' Right to Buy borrowers
Thursday 16th August 2012
A law firm has launched a service for Right to Buy purchasers of council homes who it says have been mis-sold mortgages and can win compensation from brokers.
Tandem Law, in the north-west, says that ‘a lot of people’ were sold products and mortgages they may not have needed over the last ten years.
Its website says that it has so far helped thousands of people claim compensation from ‘unscrupulous’ brokers.
The firm says that not enough media attention has been paid to the ‘shocking abuses’ of Right to Buy, and that it was only in 2005 that the FSA slowly began to regulate the buying of council homes.
It says excessive fees were taken out of clients’ discounts, either without their knowledge, or after having been incorrectly explained. While this was not illegal, it was professional negligence both on the part of the broker and the solicitors involved.
Mike Fong at Tandem Law said: “Thousands of people right across the UK instructed their solicitors to help them achieve their dream of buying their own homes, and those solicitors failed their clients.
“Tandem Law are at the forefront of this search for justice, to fight for our clients’ interests – to get them the compensation they so richly deserve, and help restore the public’s trust in our profession.”
righttobuymortgageclaims.com
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Forget the hype about the pursuit of justice and the verbiage with it as this is yet another firm of ambulance chasing barrators whose only interest is getting their hands on the money whilst having the temerity to deprecate brokers for taking a fee. Perhaps these pettifoggers should have arranged the mortgages for these hapless souls in the first place. Doutbless, such pious and humble benefactors would have done so for nothing.
It will be the same old same old - a section 7 DPA request followed by an inevitable complaint based on a contingent fee - a nothing to lose nonsense that the rest of decent society, that actually reads contracts, has to pay for. If this follows the clap trap that some of my clients have received there will not be a thing not complained about - in fact the only thing the broker will not seemingly have been responsible for is actually paying the mortgage. This honks comes about because the authorities in this land have provided a Compensation Act and system of redress that costs consumers and their agents nothing no matter how exiguous or vexatious a claim may be. Still, I suppose the saving grace is that at least Mr Fong's firm of vultures are not ex - mortgage brokers as many of these corpse chasers are. As for these ex mortgage brokers who are now running with the hounds, you are a disgrace to the word integrity for you are driven only by the easiest way to get your hands on money even if this means making complaints against other brokers and those lenders with whom you previously sought your living. I hesitate to use the term whore in describing you for at at least a whore offers some value for money. |
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