Report Were you mis-sold your IO mortgage? It begins... in House prices and the economy Posted February 11, 2019 6 hours ago, scottbeard said: I was about to despair if this was the next PPI....but it isn't. Good. If anything this thread has me relieved that there is some common sense amongst mumsnet users, and therefore the general public at large. There is a fundamental difference between being sold a PPI policy that you literally can NEVER claim on (which is clear mis-selling) and being sold an IO mortgage instead of a repayment one (which is a swings-and-roundabouts decision). Even if it was upheld in some cases that the IO was mis-sold (for example, if paperwork shows false or misleading facts about IO were provided at the time) the actual level of compensation would not necessarily be that much: because surely it isn't your loss on the property that's the claim, but your loss compared to some "alternative universe" where you had a repayment mortgage, which feels like that must be fairly close to all square. Even if you lost value in the 2007-8 crash (or some future HPC) that's not necessarily meriting compensation, as you'd have been hit by that whatever mortgage product you took out. And could you really run a legal argument "I'd never have bought this house at all if I'd have been correctly informed about the IO mortgage"? I doubt it . And if the house has gone up in value the judge would surely just say "well, yes the IO mortgage was mis-sold but - oh look, you've actually BENEFITTED from it! Sell it, take your profit, and move on." You can't sue for things that made you a profit, as you need to prove both negligence AND loss! Of course the biggest elephant in the room mis-selling scandal is Help To Buy...Lending someone taxpayers money to create a "faux deposit" to take out a mortgage loan otherwise deemed too risky for even the most reckless commercial money lender. Deliberately circumventing the FCA's own risk management. And using said loan to finance property at an outrageously inflated price above market valuation, with the proceeds of the fraud going to a few chosen chums of Tory politicians. And just calling it "Help to Buy" is the ultimate smoking gun that proves mis-selling.