Mis-sold Mortgage Northern Rock Together Mortgage

A question about : Mis-sold Mortgage Northern Rock Together Mortgage

Has anyone successfully claimed on a Northern Rock Together Mortgage. We are currently going through Gladstone Brookes to claim on our mortgage, wondered if anyone had been successful, how long it took and what sort of money they got back?

Best answers:

• How can you be mis-sold a mortgage. Surely you have to go in and apply for one.
• I was working as a PPI recovery person for a while and its a new thing that has come over from the states where it has become very successful. Main things to look for are whether you went through a broker to get your mortgage, lots of secret commissions etc being paid, especially if they referred you to a sub-prime lender. Its called mortgage auditing to see if there are any things that don't add up in the mortgage, and believe me there are lots of people now becoming aware that they could have been taken advantage of.
• Pre 2004 different
• I just looked at Gladstone Brookes website and there are few things on there that would put anyone on guard from using them.
  There are a number of things they have listed that are not mis-sales or have such a low chance of success that you may as well list every single product going. Also, their claims of settlement within 8-12 weeks is unrealistic and the MoJ told companies to stop making such claims. On one page they indicate that figures of up to Ј40,000 could be reclaimed on MPPI. With a typical MPPI costing around Ј25pm, that would be highly unlikely as your mortgage would have to be over 100 years to see that sort of figure.
  The charge is 25% plus 20% VAT. If you are successful and the money is used to reduce a debt then you have to find their fee out of your own pocket.
• With mortgage facilities very much a priveledge and not a right nowadays it is completely beyond me why anyone would want to sign up to seriously pi$$ off their current provider and send them on a complete wild goose chase.
  With demand far outstripping supply, I would certainly consider excluding those in the future who have signed up with dodgy ambulance chasers to do nothing more than waste everyone's time.
• If the OP wins, can the mortgage lender then call in the loan, ie demand that the mortgage is repaid in full?
• More a hypothetical question on my part, you heard of the banks closing peoples accounts when they reclaimed their bank charges, would they do the same with a mortgage?