Breach of Contract Claims
Did a financial product or service fail to deliver what was promised?
If so, you may be entitled to claim compensation
Claiming for Breach of Contract
Agreements are built on trust contracts are there to protect both sides if that trust breaks down. Whether it involves a mortgage, car finance, loan agreement, or a service contract such as financial adviser or mortgage broker’s terms of business, the contract clearly breaks down the obligations of both parties.
If you feel that a company or an individual has breached the terms of a contract which you signed, then you may have grounds for a breach of contract claim.
Everyday Examples of Contracts
Contracts aren’t limited to business agreements, they exist throughout everyday life.
Marriage, for example, is a legal contract setting out the rights and responsibilities between two people. Similarly, a will acts as a contract to determine how someone’s estate is managed after death.
In both cases, the purpose is the same: to create certainty, prevent disputes, and protect against unfairness. Without clear agreements, one party almost always benefits at the other’s expense.
How this applies to financial contracts
When you agree to take on a financial product or service, you sign and accept specific terms of business, and the provider is expected to deliver them. If they fail to do so, it can amount to a breach of contract.
Common examples include:
- Unfair or unexpected fee or charges
- Mis-calculations of interest
- A provider changing the rules after you signed
- Services delivered late, poorly, or not at all
- Promises made that were never honoured
- Contradictory terms
Any of these could point to a breach of contract. If that has left you financially worse off, you may have a potential claim.
Making a Breach of Contract Claim
Many people we speak to feel let down by financial providers but aren’t sure whether they have a case.
If the product or service you received didn’t match what was promised, whether promised verbally or in writing, you may be entitled to compensation. However a breach of contract alone does not automatically guarantee compensation, it depends on whether or not you’ve suffered financial loss.
That’s where firms like us can assist you. As financial services claims experts our team are trained to recognise breaches of contract as well as establishing the value of your claim.
At Claim My Loss, our team of qualified solicitors specialise in managing contract disputes. We review the details of your agreement, identify where obligations have been broken, calculate how much you may be owed, and take steps to recover your losses.
You don’t need to face the provider alone. We act on your behalf to put things right.
Not every breach of contract claim will result in compensation or redress which is why we offer our services on a no-win no-fee basis.
Breach of contract claims typically arise from:
- Products that failed to perform as promised
- Broken guarantees or misleading assurances
- Terms that were changed or ignored after signing
- Failure to meet legal or regulatory obligations
- Misleading sales or service agreements
Professionals or providers may have:
- Overpromised on returns or outcomes
- Failed to deliver features or benefits you were told to expect
- Changed fees, terms or risks without your consent
- Provided poor documentation or misleading product descriptions
- Ignored key obligations in your contract
These breaches can cause both financial loss and loss of trust.
A successful breach of contract claim may lead to:
- Recovery of your financial losses
- Refunds for fees paid for undelivered services
- Compensation for losses caused by misleading terms
- In some cases, additional damages for inconvenience or distress
If you believe your financial agreement wasn’t honoured, we’re here to help.
Breach of Contract FAQs
What is a breach of contract?
A breach of contract happens when a party fails to fulfil the terms of a legally binding agreement. In financial services, this often involves providers failing to deliver what they promised in writing or verbally.
What are examples of breach of contract in financial claims?
From our experience, examples include:
- Promised investment returns that never materialised
- Pension products that didn’t provide the features you were sold
- Car finance or mortgage terms being changed after the agreement was signed
- Product risks or limitations not being disclosed upfront
How do I know if I have a valid claim?
To bring a breach of contract claim, we usually need to show:
- A clear agreement or promise was made
- That agreement was not fulfilled
- You suffered financial loss as a result
How could this affect me?
When a contract is broken, it can leave you:
- Locked into a poor-performing or unsuitable product
- Facing unexpected fees or charges
- Unable to access key benefits or features you relied on
- Financially worse off than if the contract had been honoured
What should I do if I suspect a contract has been breached?
Even if the breach happened some time ago, it’s worth getting advice. We can help you review the terms and explore whether you could claim compensation.
Making a Breach of Contract claim
At Claim My Loss, we make it easy to find out if you have a valid claim, and if so, help you pursue compensation.
We have successfully helped over 600 clients gain the
compensation or redress they deserved.
How it Works
If you are concerned your financial adviser, pension, investment, car finance or other financial services product may not have been right for you, then you may be able to make a claim for compensation or redress. The process for making a claim typically involves the following steps:
1. Online Sign Up or Phone Consultation
We know financial claims can be complex and intimidating, so we’re here to help you every step of the way. Use our handy claims calculator or ask our AI assistant any questions you may have. You always have the option to talk to one of our claim experts if you prefer.
2. Getting the Evidence together
Don’t worry if you don’t have all your documentation. As regulated solicitors, we can chase in all the documentation relating to your claim from the providers involved, such as contracts, statements, and communications. All you have to do is appoint us to collect this information on your behalf.
3. Submit your Complaint
We will value your claim and then submit a claim to the Financial Services Compensation Scheme or raise a formal complaint to your pension provider, financial adviser, car finance provider or business energy adviser outlining the reasons why we believe you are entitled to compensation or financial redress.
4. Await response
We will provide regular updates and chase your claim through to a final response - you can also check our progress via our online portal. If we are unhappy with the response, we will pursue a claim through the Financial Ombudsman Service or if required escalate your claim to a formal tribunal which means representing you in court.
5. Acceptance of Offer
Once you are satisfied with the level of compensation or financial redress, we will claim the reward and distribute the funds to you via our client account. Claims are often complex and can take time to reach a conclusion. We will always work to achieve the maximum level of compensation or financial redress as quickly as possible.
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