We are a dedicated claims management company specialising in financial mis-selling within the Irish Financial Services Sector. Our aim is to provide a solution and service to the thousands of consumers who believe they have been mis-sold or misinformed when obtaining financial products and services.

 

Finance Claims have done in a few weeks what I was unable to achieve in 18 months. They are knowledgeable, professional and kept me updated throughout. I would definitely recommend their services to my friends and family

Mrs O’Sullivan

 

 
Mortgages are loans obtained by consumers in order to purchase property. A lender should only sell a mortgage once a number of key areas have been assessed and understood by both parties involved. These areas are

Only once each of the above areas is fully assessed and understood can a lender sell a Mortgage which is suitable for a consumers needs.

The problem with Mortgages in Ireland is that during the boom Mortgages were sold at an alarming rate and often when they should not have been. Strict compliance issues were simply overlooked as many lenders focused on profits rather than key areas such as affordability and loan to value. As a result thousands of mortgages were issued when they shouldn’t have been. In simple terms MORTGAGES WERE MIS-SOLD.

Sub prime lending also soared in Ireland despite signs from the US that the market was in decline. Lenders became very willing to offer 100% mortgages to consumers unable to afford a traditional mortgage. These sub prime mortgages often had APR rates as high as 40%. This type of lending was inevitably going to end in ruins as what they were doing was simply offering mortgages to consumers who could not afford a regular mortgage with higher interest rates. As a result of this mis-selling thousands of consumers are now unable to meet their monthly repayments and repossessions are on the increase.

Outside of key areas to abide by when selling a mortgage a lender is also obliged by law to meet certain criteria when issuing contracts to consumers. If any of these conditions are not included in a contract a mortgage can become invalid, flawed or unenforceable. Some of these contract requirements include:-

If you think you are a victim of mis-selling contact us now. You could be entitled to compensation from your lender.