The issue of mis sold pension mortgage is very common these days. However, there are still individuals out there that do not even have the slightest idea about this issue. Thus, they do not know that they may have mis sold their pension mortgage as well. This is why articles like this are written in order to provide information regarding this matter.
This article does not contain all the information regarding mis sold pension mortgage. Nonetheless, it will discuss about some of the most important key points of the matter. Continue reading this article. Who knows that you might be one of those people who have unknowingly mis sold their pension mortgage.
What Is a Pension Mortgage?
The pension mortgage is one of the cheapest and most common ways to pay a mortgage before. What these people do not know about pension mortgage is that it yields higher risks. However, we cannot blame these people who got this knowing that they were lured to a fancy offer of low monthly payments. At the end of the pension mortgage, when the individual has less cash, the individual was usually left stressed about its mortgage pension and other should-be expenses.
How Do You Know If You Can File for a Mis Sold Pension Mortgage Complaint?
There are factors to determine whether a certain person is eligible to file a complaint. You can talk to an agency that offers their expertise about pension mortgage to help you file a claim. You may also read the following below to know whether you have the grounds to complain or not.
1.) You were not decently informed regarding the possible risk.
It is very common that the advisor did not inform the individual regarding the possible risks of the pension mortgage during the time when the person can least afford it.
2.) One’s attitude to risks were not considered and discussed.
The advisor failed to determine what kind of risk-taker is his client simply because the advisor did not try to assess whether his client is ready for the possible risks or not.
3.) Your alternative products or options were never discussed.
The advisor did not introduce the other alternative products, which are less riskier than pension mortgage, to you.
4.) You were not oriented on the possible outcomes.
The advisor did not try to explain to you the possible outcome given that there is a poor performance.
If the four statements above are applicable to your situation, then there is no doubt that you have grounds to file a mis sold pension mortgage complaint. Remember that you have options in terms of claiming compensation. The first option is to claim on your own. This is recommended to those people who have wide knowledge regarding pension mortgage.
On the other hand, the second option is to use experts in pension mortgage to help you claim the compensation that you deserve. This is recommended to the people who do not have the expertise to deal with mis sold pension mortgage. There are many experts out there who will be glad to help you with your complaint.