Interest-only, sub-prime and self-certification mortgage borrowers will start to launch mis-selling claims slowly, but volumes will build to a crescendo, claims management boss said.
Writing exclusively for IFAonline sister title Mortgage Solutions, Craig Lowther, managing director of claims management company MoneyBoomerang, said research suggests mis-selling has been taking place in the mortgage market, both by branch and independent advisers. He said: "I expect the number of people pursuing mortgage mis-selling claims to start slowly and then to snowball. The total value of claims could be close to that for payment protection insurance (PPI). "Clearly a case will have to stand up but we believe we will have the material to ensure this happens." He added: "We...
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