Mortgage Assessment (MA)

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Mortgage Assessment (MA)

Stage One

As part of the service that we provide, we look at your Mortgage either historically or current and produce a Mortgage Review based on the information you provide, where this will potentially highlight any possible areas of concern with your Mortgage.
This should not be regarded as advice on your Mortgage, the initial stage is for you to simply receive a review where you are able to make an informed choice as to whether you wish to progress this to the next stage which would be to establish quantum (any potential loss).

Stage Two

This report is something that you will pay an additional fee for with a view to receiving a more substantial report where you will be able to then decide if you wish to proceed to make a claim against any Mortgage advice given to you in the past.
The Stage Two report will look for further financial information and should provide you with the potential loss that you may have incurred. This will involve writing to lenders and may well be a reasonably lengthy process in order to establish any quantum (loss). This may take up to 12 months to establish or sometimes longer.

Stage Three

Once you have received both reports, and you have identified that there is a potential claim with a loss established, then this is when the Mortgage Review could potentially become a Claim.
Once a potential claim has been established, then no further upfront fees will be payable, however the Mortgage Claim will be passed either to a Mortgage Expert Witness or a Solicitor where a success fee of 30% plus VAT will be charged on any monies claimed back.
You will have the opportunity to either use an Expert Witness of your choice or we can provide the expertise for your potential claim to be processed further where all additional work will be based on the completion arrangement fee as described previously.

CERTAINLY, NOT ALL MORTGAGE REVIEWS BECOME MORTGAGE CLAIMS AS QUITE OFTEN NO LOSS CAN BE ESTABLISHED. IN OUR EXPERIENCE THE MAJORITY OF MORTGAGE REVIEWS DO NOT BECOME A CLAIM BUT ARE A REVIEW THAT SIMPLY LOOKS TO IDENTIFY IF THERE ARE ANY POTENTIAL ISSUES.

If you would like to enquire about the Mortgage Assessment or make use of one, select Quote now.

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Commitments Protection Limited is Registered in England and Wales CRN 04450200
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