Welcome to MortgageClaims.com.au! If you have had a mortgage in the Australia in the last 10 years you may be due compensation. MortgageClaims.com.au specialise in mortgage assessment and can help you get any potential compensation you deserve.
Has your mortgage been running for over 10 years?
Have you had an interest only mortgage on your owner occupied property?
Have you consolidated debts, credit cards or loans into your mortgage?
Have you ever missed a payment on your mortgage or has your mortgage ever been in arrears?
If any of the above applies to you, it is likely you could have a successful claim.
At MortgageClaims.com.au our mission is to help you identify and seek any compensation you may be owed from your mortgage lender or broker.
Unlike claims of the past which may have recovered several thousands, mortgage cases can result in higher compensation values due to the higher value of mortgage loans.
What does this mean to you? Put simply, confidence! You can feel confident that our assessment is thorough and precise through ascertaining the merits of potential claims.
If your assessment is successful, our results can then be utilised by one of our panel of solicitors, to help them prove you are entitled to compensation and quantifying how much you are owed.
If you have had a mortgage, or even multiple mortgages, in the UK, MortgageClaims.com.au are waiting to help assess these and identify if you may be owed compensation on one or more of your mortgages.
MortgageClaims.com.au is part of Quanta Law Limited. We are specialists in seeking compensation for financial mis-selling and miscalculation cases. Quanta Law Limited is authorised and regulated by the Solicitors Regulation Authority (SRA) for regulated claims management services.
At MortgageClaims.com.au we perform a comprehensive review of your mortgage, we assess for...
Breaches of industry regulations
Breaches of consumer legislation
We will assess whether you have a claim and quantify how much compensation you may be entitled to. If you wish to pursue your claim, we will select a firm from our panel of solicitors to progress your case. Our panel, all specialise in mortgage compensation cases and operate on a No Win No Fee basis*
If it can be established that your mortgage was mis-sold then you may be able to claim for losses from the start of the mortgage. Mortgage regulation states that lenders and brokers must ensure your mortgage is not unsuitable.
Your broker should have explained Interest Only vs Principle and Interest repayment and explained that you may have to switch to a Principle Repayment at some point. This type of mortgage seems cheaper in the short-term but in the long-term it is significantly more expensive.
Negligent advice from a broker or a lender may have resulted in your mortgage being mis-sold.
Many people do not realise that they have been mis-sold a mortgage product and the term “mortgage mis-selling” can cover a wide range of scenario’s, as each case will be fully assessed based on their individual circumstances.
A mortgage may have been mis-sold if:
You were advised to take a mortgage product that was not suitable for your needs
You were advised to take one product over another on the basis that the broker would receive a larger commission
You were advised to consolidate debts, loans or credit cards by switching lender and refinancing
Your retirement date is before your mortgage ends
The broker did not submit the correct information on the mortgage application to obtain a higher mortgage offer
Adequate checks were not carried out by the lender or broker to ensure a suitable repayment vehicle was in place
You were advised to switch mortgage lenders without being told about any fees and penalties that you incurred
If you are in an IVA or Debt Management Plan, please Click Here for further information before applying.
When a mortgage offer is made to a potential borrower this offer will specify the interest rate that applies to that mortgage. The borrower will accept this offer expecting to be charged interest at the rate specified in the mortgage offer. Given the complexities of calculating interest the borrower puts their trust in the lender that the payments will be calculated correctly and in accordance with the agreement.
Unfortunately, many people have made overpayments on their mortgage due to miscalculations on the part of their mortgage lender. Many lenders have misallocated payments and applied interest rate errors, this has resulted in some borrowers paying thousands of dollars in overpayments towards their mortgage which they are entitled to have refunded.
A Mortgage breach may have occurred if:
You have ever fallen into arrears with your mortgage
You have been charged excessive administration fees or arrears fees
You had an Interest Only loan that converted to Principle and Interest
The lender paid your broker a fee that was added to the mortgage
A True No Win No Fee*
To ensure our services are available to every person in the Australia, regardless of their financial circumstances, all of our cases are taken on a True No Win No Fee* basis. Through our partners we have secured finance to ensure every case can be fully funded and can be progressed without delay, we have then backed this with full case Insurance to ensure that if your claim is unsuccessful you will not pay a penny!
There is no charge at all for us to begin your assessment, and you are under no obligation to pursue a claim once it is complete. We will collect the evidence and provide you with the facts you need to decide whether to take your claim forward!
A Specialist Mortgage Assessment
The mortgage assessment team is comprised of highly trained individuals, led by mortgage industry experts, with decades of experience.
This utilises our industry-leading in-house software, we guarantee an unprecedented level of accuracy, allowing the production of high-quality mortgage assessments. This ensures the highest possible success rate on all our claims. Our aim is to ensure we give you the greatest chance of receiving compensation.
To find out if you may be able to claim, you will only need three things, these are:
- The name of your mortgage provider
- The date the mortgage started
The mortgage value
You can still claim if:
You had a joint account with someone you no longer live with; each person may be entitled to compensation
You don’t currently own the property that was mortgaged
The company or adviser who sold you the mortgage are not trading anymore. It may still be possible to make a claim against the Australian Financial Complaints Authority (AFCA) and you may still have a claim for overpayments
Frequently Asked Questions
*There may be cancellation charges once your case has been passed to a solicitor if you cancel your claim after 14 days but before it’s completed. There is no charge if you complete your claim but it is unsuccessful.