Financial Mis-selling Lawyers & Mis-selling Solicitors and Mis-selling Lawyers
Summerfield Browne Solicitors are authorised and regulated by the Solicitors Regulation Authority.
Many people are familiar with the mis-selling of PPI, but are not aware they have may been mis-sold a mortgage, endowment or other financial product. Examples of financial mis-selling include:
Being advised to borrow money without proving your income and/ or overstating your income.
Being advised to switch lenders but were not told about the fees and penalties involved.
Being advised to take a mortgage where the end date is after your retirement date.
Not being told about the commission your adviser would receive from the lender.
Not being told how your money would be invested and/ or the risks involved with the investment.
The product differed from your needs or attitude to risk that you disclosed to your adviser.
Our mis-selling lawyers can evaluate your situation and determine whether there could be grounds for a claim.
Another example of financial mis-selling might occur where a bank sells packaged bank accounts, which include travel insurance, breakdown cover and mobile phone protection, but you may not have been given a choice about whether you wanted the packaged account and associated fees. The bank should have evaluated your personal and financial circumstances when it sold a packaged bank account. It should have offered you various account options, and not just a packaged account. Our financial mis-selling solicitors can ask your bank to refund the account fees with interest for packaged accounts you did not know you had or needed.
What is Mis-selling?
Investments are mis-sold when you are not told how your money would be invested, or you have not been told about the risks involved.
If a financial product didn’t suit your needs, or attitude to risk that you discussed with your financial adviser, then you may have been mis-sold a financial product. Before taking your matter to a mis-selling lawyer, make sure you ask for a copy of the financial firm’s internal complaint process, and if appropriate make a complaint. All financial firms should have this readily available, either on their website or in their agreement with you.
In order to fairly treat consumers, firms must make sure they are selling and marketing products and services that are tailored to the needs of the consumer groups they serve. If you require assistance on making a complaint our mis-selling lawyers can advise you further.
Types of Mis-selling Claims
Our mis-selling lawyers can advise on a wide variety of claims including:
Claims for breach of statutory duty under section 138D of the Financial Services and Markets Act 2000 FSMA
Claims in contract or tort relating to advice
Claims arising from statements or non-disclosures in a selling process which can arise in one of three ways (1) misrepresentation (2) breach of a duty not negligently to misstate the position and (3) fraudulent misrepresentation.
Why Summerfield Browne?
Our financial mis-selling lawyers will aim to get you the compensation you need and deserve. Our financial mis-selling solicitors will review and evaluate your claim, and determine whether there are grounds for a mis-selling claim. We will provide an honest and pragmatic assessment of your claim, and the likelihood of success.
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OFFICES AND GEOGRAPHIC AREAS SERVICED BY US
We have offices in London, Birmingham, Cambridge, Oxford (all by appointment only) and our administrative office is in Market Harborough, Leicester, Leicestershire.
We provide legal services all over England and Wales.
Please visit our Contact page and submit an enquiry form or contact us on 0800 567 7975 or by email at [email protected]
Alternatively, you can contact each of our offices on 020 3292 1306 (London); 0121 259 0005 (Birmingham); 01223 420252 (Cambridge); 01865 784098 (Oxford); 01858 414284 (Market Harborough); 0116 208 1495 (Leicester).
0800 567 7975