You may have been sold an unsuitable mortgage and due compensation and/or you are now struggling with a vulture fund to keep your home.

If your mortgage was taken out, or topped up, prior to 2010, there is a possibility it may have been unsuitable.

At the height of the Irish property boom, a significant number of mortgages on family homes were advanced based upon property values and not the affordability of borrowers. This was mis-selling.

Misselling is a sales practice in which a product or service is deliberately misrepresented or a customer is misled about its suitability. Misselling may involve the deliberate omission of key information, the communication of misleading advice, or the sale of an unsuitable product based on the customer’s expressed needs and preferences. Misselling is both negligent and unethical and may lead to legal action, fines or professional censure for those who engage in it. It has been defined by the United Kingdom’s former Financial Services Authority as “a failure to deliver fair outcomes for consumers.”

Bank of Scotland GE Money  Danske Bank Ulster Bank

Bank of Ireland AIB PTSB Start Springboard KBC

EBS  First Active    Nationwide  Lloyds

You can read more on our Mis-Sold Mortgages tab.  To achieve a restructure of your mortgage, please read the tab “Restructure your Mortgage”. For an initial review of your mortgage at no cost, simply complete our online form on the Apply section of the website.