We are a specialist law firm helping our clients secure refunds for financial mis-selling so you can claim what’s rightfully yours.
What are hidden commissions?
If you’ve ever taken out a mortgage or loan, you probably went to a broker for advice. The broker’s job is to guide you to the mortgage or loan that’s right for you. Sometimes, however, the broker is paid by a certain lender to send clients to them, regardless of whether it’s best for them. If your broker takes this commission but doesn’t tell you, it’s a hidden commission. They are also known as undisclosed commissions and secret commissions. Hidden commissions are an example of financial mis-selling.
Brokers have a responsibility to provide you with proper and impartial advice. When a lender pays a broker to send clients to them, you’re not getting what you paid for, and you might well not get the best deal for you. In some cases, people can become trapped in mortgages that they struggle to repay, or doesn’t serve their needs properly. If this happens to you, you could end up losing thousands of pounds over the years from having to pay more than you should.
We are a division of Pure Legal Ltd, specialising in claiming compensation for Hidden Commissions. Our team of specialist lawyers is on hand to help you fight for the justice you deserve. We’re here to help regular people take on the powerful financial class and protect you from predatory behaviour. Nobody deserves to be taken advantage of or deliberately misguided, particularly in important moments of your life like getting a mortgage. If you think you may have been a victim of a hidden commission, contact us today to see what we can do for you.
How do I know if my broker took a hidden commission?
There’s a good chance you won’t know if your lender paid your broker a hidden commission, as that is the entire nature of hidden commissions. The easiest way to find out if you have a claim is to use our eligibility assessor. If your lender is on the list we provide, it is known that these organisations previously solicited business via hidden commissions. If you took out your loan before 2009 or mortgage before 2004, there is a strong possibility that you are eligible for a claim and we can help you. To find out if your provider is on the list, please use the eligibility checker on this page.
Claim Your Hidden Commission is a subdivision of Pure Legal, a civil litigation firm with bases around the UK. We are able to help you claim compensation for a variety of concerns. You can find out more by searching for us or visiting purelegallimited.co.uk
Just fill in the eligibility checker on this page. If you’re accepted, we’ll contact you with more information on how to proceed. It’s really easy and only takes a few moments of your time to set up.
We’ll ask in the eligibility checker if your loan is secured on unsecured. Secured loans, sometimes known as Second Charge Loans, are used to raise extra money instead of re-mortgaging or taking out a personal loan. Secured loans use the borrower’s home as security and are paid off alongside the first mortgage. If your loan wasn’t “secured” against your home, it’s probably an unsecured loan.
Typical claims for hidden commissions are worth £18,000 - £30,000. Please note we can only accept claims we expect to be worth over £10,000 to ensure that all costs are recoverable and you are guaranteed to receive some money.
This varies depending on the lender, but we expect the full length of litigation to be somewhere between a year and 18 months. It could be less, or more, depending on how much money is being claimed, and whether the lender decides to settle instead of going to court. However, you can be assured that we’ll always keep you updated every step of the way.
Yes, in the eyes of the law the lender is culpable for making the payment, so we pursue the lender rather than the broker.
You may be concerned that taking legal action against your lender might cause problems in the future. However, your lender must not treat you any differently or hold a grudge against you, even in the event that you successfully claim thousands of pounds from them.
Yes, you can. If you have multiple loans from one lender, we can treat this as one case, but you can claim for the full amount. If you have multiple cases against different lenders, we’ll treat them as separate cases.
No, not at all. We work on a no-win-no-fee basis, so we don’t get paid until you get paid. If we don’t win your case, you don’t pay a penny.
This varies depending on the amount of work we have to do, but you are guaranteed to take away the bulk of your settlement. Our fees will never exceed 25% + VAT of your winnings, and most of the time it’s less than that. We will assess beforehand how much work we will have to do on your case and discuss this openly with you, so you’ll know what to expect.
We’ll advise you to make use of our After the Event (ATE) Insurance to protect yourself financially. This is how our no win, no fee system works. The insurance costs nothing to you personally, and ensures that you’re covered for all our fees if we don’t win your case. If you do win, the cost of the insurance will be deducted from your settlement. If you don’t win, you don’t pay anything. This ensures you cannot lose money by making a claim.
Disbursement loans are another way in which we are able to operate on a no win, no fee basis. They allow your solicitor to fund vital evidence in support of your claim such as expert reports, court and barrister fees. This does not affect your credit file and should your claim be successful, the defendant will reimburse the loan. Should your claim be unsuccessful, then the After-The-Event Insurance will cover you.
No problem, we can get hold of copies if you provide us with the name of your lender and the year you took it out.
We will need the consent of all parties named on the mortgage or loan, and they are entitled to an equal split of the settlement. If you can obtain their consent, we can agree to represent them alongside you while keeping you as our primary point of contact.