Sab33:

Looking on various sites it appears sub-prime mortgages was not giving correct advice or cheapest products.

Certainly a sub-prime mortgage wont be the cheapest product. By definition, sub-prime mortgages are for borrowers who are a higher than average risk or who have a less than perfect credit record and so interest rates will be higher than they would be for low risk customers. While with PPI, it is almost automatic that, when you ask, you get compensation or a refund, with another product, you would need to prove that the advisor or the provider was negligent.

It sounds like your dispute is with your advisor. If you feel unable to persue a claim on your own and if you feel that there is a genuine claim, I would suggest that you gather as much information as you can and make a fixed time appointment with a local solicitor who specialises in this area. You might pay £60 for ½ hour (agree this in advance) but the advice is likely to be a lot better than you would get from a company that makes unsolicited phone calls.

My gut feeling is that the person whom you spoke to was trying to con you and there isn't £10k just waiting for you to collect it.

Firstly you need to be aware that there are lots of dodgy companies making unsolicitated approaches with unreasonable promises and high fees. If one of these companies promised you £10k, then it is extremely unlikely that you will receive anything close to that amount.

Before moving further, I feel that you need to be clear in your mind which product(s) you feel were missold. The mortgage is secured against your property so, if you want to get out of that, you will need to also get out of the property. If you have been paying for payment protection insurance along with the mortgage, then it is likely that you will be able to reclaim the premiums for that by simply writing to whoever you paid and asking for the money back.

Apart from the interest on the mortgage, what are the other products that you are or have been paying for?

I recieved a phone call yesterday from a company that deals with ppi/credit card charges and mis-sold mortgage products, after speaking for 20minutes I was advised I was infact mis-sold my original mortgage and they could make a claim which would be in the region of £10,000! The advisor stated he would send a claim pack to start the process, when I asked what was their fee, he replied 30% + vat on claim. I thought this was abit high and still unsure if I did actually have a claim, so I looked at a few sites online and discovered I was actually mis-sold under a "sub-prime mortgage". Is there anyway I can make the claim on my own? I have not found any templates for letters or advice on how to do so. I would be grateful for help regarding this.

Thanks Sab33