Financial Times – UK Banks could face multibillion pound liabilities for mis-sold mortgages.

Financial Times – UK Banks could face multibillion pound liabilities for mis-sold mortgages.

Mortgage Overcharging and Mis-selling in the UK is being brought to the forefront in this Financial Times article, featuring our CEO Rob Cooper. The ME group are putting pressure on the banks and helping the most financially vulnerable seek compensation trough the use of LegalTech.

In this article our Chief Executive, Rob Cooper, has indicated the scale of this latest financial controversy: “Since August 2017 over 100,000 consumers have contacted ME Group requesting help and around 52% of the mortgages we have assessed have been mis-sold, or have been overcharged by their lender in respect of mortgage interest. The average amount that customers are due back is in the region of £70-80,000.”

See the full FT article here

2018-12-06T10:53:23+00:00December 6th, 2018|