My dad was mis-advised 18 years ago and took out the wrong mortgage, can he sue?

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Sorry this is not what you wanted to read, but it is legally accurate. Anyone who tells you that your fatehr has a case in law, is either deluded or a knave.

My dad was mis-advised 18 years ago and took out the wrong mortgage, can he sue?

If he was dealing with a professional financial advisor that he was paying for the advice, then perhaps he could sue for malpractice. If he just didn't understand the nature of the loan, then in the absence of real fraud, he has no claim. He was free to read the whole thing or to take it to a lawyer but the mortgage broker owes him no duty other than to refrain from fraud. Even the fraud is allowable if everything was fully disclosed in the paperwork. Sorry, but people are generally responsible for their own decisions, even when they make those decisions in ignorance.

My dad was mis-advised 18 years ago and took out the wrong mortgage, can he sue?

Hi,try this link they deal in all money matters especially mis-sold policy's.http://moneymatters.com sorry have give you the wrong link please try this one http://moneysavingexpert.com

you will get about bank charges keep looking & you will find mis- sold endowments.Good Luck

My dad was mis-advised 18 years ago and took out the wrong mortgage, can he sue?

If he knew if was interest only, then why did he think it would be paid up after 18 years? Interest only means nothing goes towards principal, unless you pay extra.

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My dad was mis-advised 18 years ago and took out the wrong mortgage, can he sue?

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