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Do I have to pay anything to get compensation for financial mis-selling?

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If you believe you’ve been a victim of financial mis-selling, you may have concerns about the fees involved to get your money back.

We’re here to talk you through the complaints process and put your mind at ease.

Financial mis-selling

When making a complaint about financial mis-selling, it’s important to remember that the odds are in your favour. The payouts from against lenders and advisors total over £22 billion due to the ease of providing evidence for the majority of mis-selling complaints. If you have valid evidence, it’s extremely likely your claim will be successful.

Options available

Financial mis-selling claims can be handled by:

  • The Financial Ombudsman Service (FOS)
  • The Financial Services Compensation Scheme (FSCS)
  • Litigation in the courts

The FOS are an official independent body. They handle disputes between financial companies and their customers.

The FSCS has been set up to compensate customers who have been mis-sold by companies that have now gone into administration.

The best option to secure the maximum payout for your case might be to litigate in the courts. You will need the support of a solicitor for this.

Why use a solicitor?

Financial mis-selling solicitors have all the legal knowhow on the complaints process. Using a solicitor will save you time, as well as give you peace of mind that your claim is in the hands of a professional.

A solicitor is both legally qualified and regulated by the Solicitors Regulation Authority (SRA). A solicitor can also take your claim further than the FOS or FSCS where required and can represent you in court.

With court proceedings, a solicitor can explore other avenues to claim a much higher level of compensation than the FCA or FSCS might allow.

No win, no fee

We operate on a no win, no fee basis. This means that until we’ve secured your compensation, you don’t pay us anything. You will have access to our resources and team of experts for free.

Get in touch today to discuss your financial mis-selling complaint with our team of legal experts.