Did You Purchase an Interest Only Mortgage After October 2004?
If So, You May Be Able To Claim
Specialist in Mis-Sold Mortgage Claims

No Win No Fee Explained

At mis-soldmortgageclaim.co.uk all of our solicitors work on a No Win No Fee agreement with all our clients. No Win No Fee refers to legal services provided by way of an arrangement that generally means you won’t be expected to pay legal fees unless you win your case. It allows normal members of the public to bring forward legal claims without having to fund the costs out of their own pockets up front.

A No Win No Fee Agreement is a formal agreement with a Solicitor that generally means you won’t be expected to pay legal fees unless you win your case. It allows normal members of the public to bring a medical negligence claim without having to fund the costs out of their own pockets up front.

No Win No Fee arrangements are generally made available by solicitors offering clients a Conditional Fee Arrangement or “CFA”.

A No Win, No Fee agreement, means everyone can access justice, even if they do not have the financial means to pay up front for a court case. This is vital to ensure the interests of justice are upheld and that victims are able to pursue their legal rights.

Conditional fee agreements (CFAs)

With a CFA if your case loses, you will not pay your solicitor anything.

If your case is successful, you will need to pay your legal costs for representation. These vary depending on which firm you use. However, these costs are generally recovered from the losing party, or defendant and your solicitor manages this process for you.

You may also be required to pay a Success Fee to your chosen law firm. This is a percentage-based fee that comes out of your compensation if you win the case. This amount will be agreed by you and your solicitors at the start of your claim but is no more than 25% of your total compensation.

The level of the success charged will be between 0 – 25% and is assessed by panel law firms on a case by case basis. When choosing the level of the success fee being charged each panel law firm will have an individual assessment criteria but generally the case will be assessed on:

  • – The prospects of the matter and level of risk for the firm bringing the case
  • – The cost associated with bringing the case
  • – The likely level of damages
  • – The timescale for the case to resolve

Contingency Fee Agreements

A Contingency Fee Agreement is between a client and solicitor and revolves around the idea of the solicitor is only paid if the claim is successful. The main principle of a contingency fee arrangement is that when it comes to invoicing at the end of a case the solicitor cannot charge their client more than they would have done regardless of whether he had taken the case on the normal basis. If the case is lost then no fee will be paid to the solicitor.

Will I Ever Have to Pay Anything?

In addition to the success fee set out above, in the event that you terminate the agreement with the Panel Law Firm other than during the cancellation period then the firm may charge a termination fee. You should discuss this carefully with your solicitor so your fully understand your rights and obligations under your CFA.

What is ATE Insurance and Do I Need It?

After The Event Insurance is a product your solicitor may advise you to take out alongside your CFA. It provides an insurance policy to cover any potential costs in the event your case is unsuccessful. Generally, ATE is designed to cover the costs of disbursements incurred (medical records, expert

fees, barristers fees etc) and/or and potential adverse legal costs orders made for you to pay the defendant’s legal costs. If you have ATE in place, such costs can be covered by the insurance policy.

In Medical Negligence Claims, generally a claimant who is unsuccessful does not have to pay the Defendant’s legal costs due to a rule called Qualified One Way Costs Shifting, which has made ATE insurance less of a necessity. However, it is a product that should always be considered and discussed further with your solicitor. The costs of ATE Insurance Policies vary from case to case, but the costs are generally paid at the end of a successful claim, meaning there is no up front costs to you. Also, if you lose your case, generally, ATE policies are “self-insured” are there is no cost to you.

How We Work

We work with a Panel of experienced mis sold mortgage solicitors. This means we can find the right Solicitor for your case with the necessary expertise. If we believe you may be able to pursue a claim for Mis Sold Mortgage we can provide you with the dedicated details of one of our Panel of Specialist Mis Sold Mortgage Solicitors so they can provide you with a legal assessment of your potential claim.

You are under no obligation to use or instruct the Panel Law Firms we work with and you are free to choose any legal representation you wish.

We do not charge any fee for our services. We are paid an advertising fee by the Panel Law Firms we work with for the advertising services we provide, but our service is free of charge to you.

Find out if you have a claim and how much it is worth.

If you have suffered financial distress due to being mis-sold an inappropriate mortgage, You may be able to make a claim for compensation. Contact our solicitors today for a No Obligation Assessment.

Make A Claim

We would like to help you claim

If you have been mis-sold your mortgage then you may be entitled to make a claim for compensation. It has come to light that thousands of people may have been mis sold mortgages. Many mortgage customerswere not given the correct informationand were often sold mortgages unsuitable for their needs.

  • Mortgage that were Interest only or part repayment with Debt Consolidation
  • Your mortgage concluded past your retirement age
  • The advisor failed to establish your attitude to risk
  • You didn’t have the means to pay off the capital at the end of your mortgage term
  • Had a debt consolidation plan, but failed to meet repayments
  • An affordability assessment was not completed
  • The mortgage was not suitable for you
  • Other repayment options were not discussed

If you believe your mortgage may have been mis-sld then get in touch with our specialist Solicitors today who can offer a no obligation assessment of your case to see if you are eligible to make a claim. The number to call is 0800 999 7440.

Why Use Our Services

  • Specialist Solicitors only dealing with your case.
  • Our Lawyers put customer’s service first. We will always be on hand to help you.
  • No Win No Fee, so there is no cost to you if your case is unsuccessful.
  • We obtain the maximum compensation for those who have been mis-sold their mortgage.
  • Our Solicitors always aim to resolve your case in the quickest time possible.

FAQ

Nothing. All of our cases are taken on a No Win No Fee basis, so all costs will be covered by the ATE policy in the event your case is not successful. If your case is successful then your Solicitor will deduct up to 25% + VAT from the compensation you are awarded to cover their legal fees.

If you believe you have been mis-sold a mortgage and have lost out financially due to unsuitable advice you may be entitled to compensation.

Simply get in touch with one of our Specialist Advisors who will run through some information with yourself. If we believe you have a case then our Solicitors will be with you every step of the way to offer advice and support.

If you believe you have a claim then you do need to seek advice quickly as there are limitation periods which apply to mis-selling claims. You have six years from the date your mortgage was sold or to give you more time three years from the date you became aware or should reasonably have become aware that you had grounds for complaint.

If you are a little unsure then do give us a call as one of our advisors will be able to assist you with the matter.

If you believe your mortgage was mis-sold but you don’t have any paperwork that is fine, get in touch with one of our advisors who can obtain this information for you by asking you a few simple questions.

Information needed to process a case is the name of the mortgage provider and the date the mortgage was taken out. We can obtain the rest of the information from your mortgage provider.

Not all cases are able to make a compensation claim for mis-sold mortgages and some cases can take around 12-16 months if you are eligible to claim. Rest assured that our Solicitors will be there every step of the way throughout the process to offer advice and support.

If you feel that your mortgage may have been mis-sold to yourself then get in touch with our team today. We can offer a free no-obligation assessment of your case to see if you are eligible to make a claim for compensation. 0800 999 7440

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