Claim-chaser LoanCheck has begun a marketing and PR campaign looking to stir up potentially hundreds of thousands of misselling and overcharging cases against mortgage brokers and lenders.
Director John Whittaker has set up the LoanCheck Foundation, a website offering a free independent audit of mort-gage and loan accounts, and is likely to embark on a consumer media campaign.
He says consumers will not be charged a fee if they decide to continue and will be passed on to a panel of half a dozen solicitors working on a conditional fee agreement basis.
Another one of Whittaker’s companies, Severn Administration, will provide solicitors with a forensic analysis report. The cost of each report is £3,000, which will be paid by the firm if they are found to have missold.
Whittaker says LoanCheck will look at regulated loans, general loans, mortgage brokers, repossession and payment protection insurance. He says: “The FSA is starting to fine more and more institutions for misselling but what has not happened is that the client is compensated.”