Mis-sold mortgages can be a major financial burden to many people. If you believe you have been mis-sold a mortgage, you may be eligible for a refund. A mis-sold mortgage is one that has been sold to you without proper information about the product or without your best interests in mind. This could include things like being sold an interest-only mortgage without being made aware of the risks, or being sold a product without understanding the terms and conditions.

When it comes to refunds for mis-sold mortgages, there is no ‘one size fits all’ approach. The amount of compensation you may be eligible for depends on the circumstances of your case and the specific details of the mortgage product you were mis-sold.

A mis-sold mortgage compensation calculator can help give you an idea of how much you may be able to claim. Such calculators ask you to input information about the mortgage product you were mis-sold, such as the type of loan, the interest rate, and the length of the loan. Depending on the answers you provide, the calculator will give you an estimate of how much you may be able to claim.

Martin Lewis’ website is a great resource for those looking to make a claim for mis-sold mortgages. It provides information on how to go about making a claim, as well as a mis-sold interest-only mortgage compensation calculator. This calculator can give you an idea of how much you may be able to claim if you have been mis-sold an interest-only mortgage.

It’s important to remember that the Financial Conduct Authority (FCA) has set a time limit for mis-sold mortgage claims. Generally, you have six years from the date of the mis-sale to make a claim. If you believe you have been mis-sold a mortgage, it’s best to act quickly in order to take advantage of your rights.

The average payout for mis-sold mortgages can vary from case to case. However, some companies make it their mission to help those affected by mis-sold mortgage products. There are several mis-sold mortgage claims companies that can help you make a claim for compensation.

Ultimately, mis-sold mortgages can have a big financial impact on people’s lives. If you believe you have been mis-sold a mortgage, it’s important to act quickly and make a claim for compensation. With the help of a mis-sold mortgage compensation calculator, you can get an idea of how much you may be able to claim.