Undisclosed Commissions

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sentry litigation funding Undisclosed Commissions

Problem

Thousands of individuals who arranged second charge mortgages (secured loans) through financial advisors were not made aware of hidden substantial commission charges paid to the adviser.

Advisers charged clients a disclosed fee which creates a fiduciary responsibility between the adviser and the client but behind the scenes lenders were also paying substantial commissions that were not disclosed to the borrower potentially at the detriment to the borrower.

Solution

Using our Fast Track Two litigation funding product we have been able to provide automated funding for potentially thousands of claims under one scheme. Law Firms benefit from a digital process in which they can apply, secure and drawdown litigation funding.

Conclusion

By using Fast Track Two, law firms are able to drawdown litigation funding and arrange ATE cover within 15 days of applying. Giving claimants access to justice.