DCA – Case Closed: No Redress Due

Your lender has said you are not due any compensation for this particular loan.  This is either because they feel the commission was fully disclosed, or because it does not include a Discretionary Commission Arrangement, or the commission paid was not deemed high, or there is an obvious contractual tie between the lender and the broker.

While this may not be the news you were hoping for, the journey may not be over yet and, if the FCA change their view about this after the legal challenge is concluded, we will get back in touch.