WHAT WE DO

Finance Reclaim is no ordinary claims company. We are specialists in finance claims. We do nothing else.

We specialise in claims for –

Missold loans and mortgages
Unnecessary supporting lump sum ASU policies
The recovery of undisclosed commissions
Challenging your loan/mortgage company with their badly drafted paperwork on loan recovery

Probably most of us at one time in our lives have been missold a mortgage, a loan or some supporting insurance policy.

Often the misselling takes hold by some grasping broker selling a mortgage at 3% or 4% above the kind of rates generally available to you and taking a large fee, often undisclosed to boot.

Regularly the loan is supported by an accident, sickness and insurance policy (ASU) vastly overpriced, paid as a lump sum and not even suitable for you. It’s not uncommon to see a loan of £12,000 supported by a £4,000 ASU policy added to the loan – which you just don’t need!

The loan companies even charge their usurious rates on the unneeded policy. So your loan of £12,000 escalates by the slip of a pen to £16,000 – all at largely increased loan interest rates.

No wonder the public is fed up and fighting back. No wonder the banks and other financial intuitions are just not trusted. And no wonder that vast profits are still made month after month by our banking fraternity.

Further, often commissions are taken on these hopeless policies which are not even disclosed to the borrower.

With the techniques our panel solicitors adopt we get to the heart of your claim and ensure that every penny you have been taken advantage of is repaid to you, often with interest. You pay nothing in advance. Our panel solicitors work no win no fee.

We differ from most other finance claim companies because all of our claims are handled by specialist firms of solicitors working fearlessly and independently for you.

These are solicitors who understand the market and the breaches. Solicitors who know to look not just for a missold policy but also the unlawful commissions taken over from your money - often without any knowledge on our part.

In January 2008 in Leeds, over 130 firms attended our conference where David Berkley Q. C. and supporting speakers addressed an enraptured audience of lawyers. Our next conferences are monthly in Gatwick, Bristol, Birmingham, Belfast and Glasgow. Finance Reclaim is the talk of the legal profession.

An ASU policy sounds like a good idea. Your repayments are paid while you are off work or the whole loan repaid if you die during the term of the policy. But do you know about the exclusions? Do you really understand the cover provided? Was any of it explained to you?

When you took out an ASU policy you should have been told that if unemployed, retired or even self-employed you are ineligible to make a claim under any circumstances.

Were you forced to take out the policy because you were told it was a compulsory part of the loan? Were you told the interest rate would increase if you did not take out the policy? Were you told about commissions being paid on the policy to brokers or lenders? If you knew there were commissions did you know the amount?

Did you have medical problems before you took out your loan and supporting ASU? Were you advised of the exclusions that apply here?

Would you have rather paid £12 a month for an equivalent policy month by month than pay a lump sum of £4,000 up front with interest at say 15%.

Have you been paying a mortgage at sub prime rates of maybe 10%APR when you should have had available a mortgage at 5%?

These are some of the questions we are interested in. Take our Quick Claim Test to see if you are eligible to claim a refund of the premiums of a policy and unlawfully paid commission in connection with a loan that just wasn’t suitable for you.

Without paying any upfront fees we will, through our panel solicitors, investigate the information given to you at the point of sale, the options explained to you whether the policy is appropriate and whether there is a claim for a rebate of commissions paid out of your loan repayments.

Most claims companies investigate financial claims themselves without professional help from legal practices. We are not a firm of solicitors – no claims company regulated by the Ministry of Justice in the management of regulated claims activities is!

We recognise that claims in this field can involve complex issues of law – best conducted by specialist solicitors. It’s one thing to claim the cost of some oversold policy. Where we are different is that our panel solicitor will often add £1,000s to your claim by seeking out hidden commissions and bad practices.

To do this work often requires the hand of trained lawyers, regulated by the Law Society.

Only a trained solicitor can effectively challenge your loan company that its paperwork is so poor/illegal that it should not be able to force recovery if its loan.

While we carefully source the information and detail of your claim, our specialist solicitors, normally appointed on our recommendation by you, pursue your claim: no win no fee.

And they will not simply pursue the premiums you have paid on a useless policy. They will claim interest on monies spent, unlawful commissions improperly taken and sometimes will even apply to set aside a mortgage or loan wrongly entered into because the paperwork is illegal.