The undisclosed commission claim on a mortgage or secured loan arises where the lender has paid a commission or fee to a broker without adequately disclosing this to the borrower. The claim is based on the fact that this non-disclosure is deceptive or fraudulent and a breach of the broker’s fiduciary duty. If you have suffered harm or financial loss as a result of the undisclosed commission, you may well have a claim for compensation.

The defendant is your lender

Claimsmiths work on a ‘no win, no fee’ basis. If your claim is unsuccessful, you will not have to pay anything. If your claim succeeds, Claimsmiths will charge 25% + VAT of your award, together with some small amounts for disbursements and other related costs

Claimsmiths is a law firm regulated by the Solicitors Regulatory Authority, specialising in financial claims. They will work on your behalf to establish if you have a case and if so, to obtain the maximum compensation for you as promptly as possible.

The amount you may receive as compensation for an undisclosed commission claim on your mortgage depends on several factors, including the specific details of your case, the extent of harm you suffered, and the outcome of the legal proceedings. If your claim is successful, you may receive compensation that covers the financial losses you incurred due to the undisclosed commission, legal fees, interest and potentially punitive damages or other remedies, as determined by the court or through negotiation.

Claimsmiths is regulated by the Solicitors Regulation Authority. SRA number: 8002134. You can find further information about the firm on their website https://claimsmiths.co.uk/