Mortgage Audit
Mortgage Audit is a comprehensive study of all mortgage documents, borrowers fees and mortgage lender actions throughout the home buying process. A Mortgage Audit additionally establishes if the mortgage is in compliance with all the rules and regulation set out by the Financial Services Authority (FSA).
In many instances there have been violations of the rules, as well as a mistakes, and for this reason a lender may wish to prevent a claim for mis selling. They may provide compensation to prevent a mis sold mortgage claim progressing.
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Unethical lending companies earned thousands of pounds last year due to the fact customers were not aware of their legal rights regarding their mortgage. Just how much of those huge earning did you unwittingly contribute to? If you think you’ve been subject to unethical charges or fees and penalties make sure you do something about this.
Allow our skilled auditors have a look at your home loan to find out if you’ve been a victim of an unethical mortgage lender. For those who have a variable rate home loan and the rates have altered, you may be due compensation.
How will a Mortgage Audit help me?
A Mortgage Audit will examine all the documents relating to your mortgage and discover any errors the bank or building Society might have made when providing you with the loan. There’s a wide range of rules and regulations which the lender/consultant should follow when providing you with advice, for both house purchases and remortgages.
Each time a mortgage audit commences we will provide you with a thorough and in-depth evaluation. We’ll provide a summary of breaches and problems with any advice you received as well as the very best course of redress on a no win no fee basis.
Listed below are just a few of the areas we’ll be seeking answers to, which will then end up being audited by our staff. On every single occasion the audit is going to be examined for accuracy, before challenging the lender or broker.
Our audit will be looking for evidence of responsible lending procedures, together with trustworthy and professional advice. We need a fully documented application form as well as declaration of facts, together with signatures to authorise the research and document requests when preparing the audit.
- Do you feel you have a mis sold claim?
- Did you ever ask yourself why the charges involved were so great?
