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Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. Have you exchanged contracts? Have you spent money on a survey or other professional fees? How much loss have you suffered? Kind regards AJ
Hi, Thank you. Ultimately all mortgages are subject to contract, and therefore you cannot force them to lend. That said you paid them a fee and acted in reliance of their banking experience, so they are in breach of contract and should pay you for any losses you actually incur. As a starting point have you provided them with an itemised list of everything you want to claim? Kind regards AJ
Hi, Thank you. If they make you an offer of compensation then you can always counter it with an offer. If they are paying your expenses which are your main loss, then they are unlikely to offer more than £500 - £1000 - but it really depends how seriously they are taking the issues. If they do not offer adequate compensation you can make a complaint to the Financial Ombudsman, who has the power to award compensation. Kind regards AJ
Hi, Thank you. If this was a contractual claim, i.e you sued them in court, you would only be able to claim your actual losses. As a starting point what are your expectations for compensation? Will you lose the opportunity to buy the house?
No problem. I wish you the best of luck. If I can assist any further please let me know. Kind regards AJ