Claims firms fail to win mortgage mis-selling compensation

The Daily Mail reports claims management firms are "duping" homeowners into paying typical upfront fees of around £500 in the mistaken belief there is a good chance of winning compensation. It said cold-calling claims management companies are targeting homeowners sold self-cert mortgages, a mortgage they could not afford or those who have borrowed into retirement. Claims management firms can charge fees of up to £500 for handling the case and take 25% of compensation won. However, claimants who go directly to the FOS for free have just as much chance of having their case upheld, ac...