Hidden Fees & Hidden Commissions
Mortgage Claim
Hidden Commissions & Fees A lender (Your mortgage company) will pay a Broker (The Company that processed your mortgage) a fee for processing your mortgage, this fee is called a “Broker Commission”. This hidden commission or hidden fee is what you are entitled to claim back if it was not properly divulged. If you were not made aware of the fees or commission at the time of the loan agreement you could potentially claim back thousands of pounds.
You Claim may be worth £0000's
Can I claim My Hidden Commissions?
A high number of Mortgages signed, before October 2004 did not include a KFI, which means that upon signing the agreement you were not given a break down of all costs and fees. This is where you may have a claim. Did you get a KFI?
If you think you have a Hidden Commissions claim call Nectar Claims on
0161 834 3907
What is a KFI – Key Fact Illustration?
When you sign for a Mortgage, you should be given a key fact Illustration (KFI) which breaks down the agreement and highlights things such as Interest Rates, APRs and Fees.
If you think you have a Hidden Commissions claim call Nectar Claims on
0161 834 3907
What Can I Claim?
Claim back any Hidden Fees / Hidden Commission that where undisclosed
Any Interest you have paid on these fee’s
And Statutory 8% interest you would of earned if the money was in the bank.
If you think you have a Hidden Commissions claim call Nectar Claims on
0161 834 3907
Example - (100k Mortgage taken out before October 2004)
Mortgage - £100k*
Undisclosed Fee’s (5% Average) £5000.00*
Interest Paid Over 7 Years - £2000.00*
8% Statutory Interest of - £500.00*
YOU HAVE A POSSIBLE CLAIM OF £7500.00*
Our Fee (20%) £1500.00*
You Get £6000.00*
* These are only example figures for demonstration purposes.
Remember:
You may have had a Remortgage or a Secured Loan, so you may have 2 or 3 claims.
Claims can only go back 12 years, so of your agreement was signed over 12 years ago, you will not be eligible to claim. Sorry.
Hidden Commissions are also known as:
Hidden Broker Commission
Hidden Broker Fees
Secret Broker Commission
Secret Broker Fees
What are Hidden Commissions?
What are Broker Commissions?
What are secret Commissions?
Can I claim for my Hidden Commissions?
Can I claim money back on my mortgage?
To have these questions answered please call Nectar Claims on 0161 834 3907
Also have a look at our other claims:
Mis-Sold Payment Protection Insurance
Unenforceable Credit Agreements