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  • #1

    Commercial First Mortgages - advice please

    Has anyone had a phone call from Commercial First Mortgages saying they want to visit to explain things happening at Commercial First but can't talk about it over the phone? I googled them thinking they were maybe being taken over but have found a lot of searches regarding mis-selling of mortgages and secret brokers fees. Not sure if this is what it is about but seems very odd as they have never visited in the 8 years we have had the mortgage with them and what can't they talk about over the phone? Just would like to be a bit more aware before they visit. Thanks
    Tags: advice, breach, brokers, business, claims, compensation, complaints, debt, email, fees, internet, mis-selling, mortgages, order, paid, pay, phone, selling
  • #2
    Re: Commercial First Mortgages - advice please

    Recently cases are appearing where "Secret commissions" were paid to brokers. In the Commercial First v Atkins case last year this was proven to be a breach of fiduciary duty & was allowed as claims based on new evidence, compensation was due. A copy of that order is available on the internet & can be seen here.


    This could be the reason why they want to visit you ......
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    • #3
      Re: Commercial First Mortgages - advice please

      Originally posted by Deepie View Post
      Recently cases are appearing where "Secret commissions" were paid to brokers. In the Commercial First v Atkins case last year this was proven to be a breach of fiduciary duty & was allowed as claims based on new evidence, compensation was due. A copy of that order is available on the internet & can be seen here.

      This could be the reason why they want to visit you ......
      Thank you - I thought it might be that as we did have a broker arrange it - I have also read that if they do pay out compensation they are offering a sum and asking to sign a "gagging order" - are they likely to offer a lot less than we should be entitled to - i.e. do we just accept what they say?

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      • #4
        Re: Commercial First Mortgages - advice please

        No don't accept unless you're happy & never sign a gagging order / Tomlin to that effect
        I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

        If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

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        • #5
          Re: Commercial First Mortgages - advice please

          I've sent you a PM.

          Unfortunately your previous email went into my Junk Mail folder and got deleted before I realized who it was from

          I'm really sorry, so can you re-send it to planb@all-about-debt.co.uk

          Plan B x

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