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Mortgage Assessment (MA)

Introduction

The Mortgage Assessment is as it says, an Assessment of the Mortgage to establish if potentially there has been any breaches of the Mortgage Code of Business (MCOB), Miss-calculation, Over charge, or Breach of Contract. The Assessment is like having an MOT on the Mortgage in question..

Stage One

By answering several Mortgage related questions on the chosen Mortgage either historically or current, we will produce a Mortgage Assessment based on the information you provided.

This will potentially highlight any possible areas of concern with your Mortgage or confirm the Mortgage is in good order.

The Assessment is then passed to a Mortgage Expert Witness to offer his Opinion.

THIS SHOULD NOT BE REGARDED AS ADVICE ON YOUR MORTGAGE.

Stage Two

You will receive the full in-depth 42-page Mortgage Assessment.

If there have been any breaches, the Assessment will help you support taking the complaint further to the relevant bodies.

Further to any ‘breaches’ we have seen situations where the Lender has Overcharged the account on Interest or Miscalculated the Mortgage.

Once you have read the Assessment, you can then make an informed choice of the 3 options available to you below.

• Do Nothing (Mortgage is healthy)
• Do it yourself (Templates provided)
• Instruct a Solicitor to act on your behalf (They will charge a fee)

Stage Three

To go any further, you will need to request your DSAR (Data Subject Access Request) from your Lender and or your Broker.
The DSAR file will show the FACTS of the Mortgage and support the Assessment.
The DSAR may take time to arrive.
You will need to make correspondence to various relevant bodies

Relevant Bodies: (Templates supplied for use within Assessment)
Lender: DSAR, Mis Calculations, Over Charges, Mis Selling
Broker: DSAR
FOS:  Business still trading
FSCS: Business not trading

NOT ALL MORTGAGE REVIEWS BECOME MORTGAGE CLAIMS AS QUITE OFTEN NO LOSS CAN BE ESTABLISHED. IN OUR EXPERIENCE THE MAJORITY OF MORTGAGE ASSESSMENTS DO NOT BECOME A CLAIM BUT ARE AN ASSESSMENT 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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