If you have lost money due to mis-sold pensions or investments, you may be entitled to compensation or financial redress. However, many people hesitate to pursue a claim because of concerns over legal costs. At Claim My Loss, we specialise in helping consumers recover financial losses on a No Win, No Fee (NWNF) basis, meaning you do not pay any legal fees unless we win your case.
A No Win, No Fee agreement allows you to pursue compensation without the financial risk of paying upfront legal costs. In this guide, we explain how NWNF works at Claim My Loss, the benefits of our service, and what to expect when making a claim with us.
What is a No Win, No Fee Agreement?
A No Win, No Fee agreement, also known as a Conditional Fee Agreement (CFA), or Damages Based Agreement (DBA) means you should not pay legal fees unless your claim is successful. If you win your case, the fees are deducted from your compensation and/or recovered from the opposing party. If you lose, you do not pay anything.
How Does No Win, No Fee Work?
When you choose Claim My Loss, we handle everything for you. Our process is simple and transparent:
- Free Initial Assessment – Our expert team will review your case to determine whether you have a valid claim.
- Agreement to Proceed – If your case is strong, we will explain the No Win, No Fee agreement and begin the claims process.
- Claim Investigation – Our legal specialists will gather evidence and build your case against the financial provider.
- Negotiation and Compensation Claim – We will seek to recover your losses either directly from the financial provider or through an ombudsman. If necessary, we will take legal action.
- Compensation Awarded – If your claim is successful, our success fee is deducted from the compensation you receive.
Throughout the process, our team will keep you informed and ensure you understand every step.
Who Can Make a No Win, No Fee Claim?
You may be eligible for a No Win, No Fee claim if you have suffered financial losses due to:
- Mis-sold pensions – If you were advised to transfer your pension into a high-risk or unsuitable scheme, resulting in financial loss.
- Mis-sold investments – If you were given poor financial advice that led to investment losses.
- Scams and fraud – If you lost money due to misleading financial products, unregulated schemes, or financial fraud.
If you are unsure whether you have a claim, our free consultation will help you determine the best course of action.
What Are the Benefits of No Win, No Fee?
- No upfront costs– You do not pay legal fees unless you win your case.
- Reduced financial risk– If your claim is unsuccessful, you owe nothing.
- Access to legal expertise– Experienced solicitors handle your case, increasing the chances of a successful outcome.
- Motivated legal representation– Your solicitor is incentivised to secure the best result, as their fee is dependent on success.
Why Choose Claim My Loss for Your No Win, No Fee Claim?
- No upfront costs– You do not need to worry about paying legal fees to start your claim.
- Reduced financial risk– If your claim is unsuccessful, you do not pay anything.
- Expert legal team– Our specialists handle your case, increasing the chances of a successful outcome.
- Motivated representation– We are invested in your case because we only get paid when you do.
- Transparency on Conditional Costs – We are regulated by the Solicitors Regulatory Authority (SRA) meaning we must disclose all potential costs associated with your claim (only if you win), before proceeding with any legal action. In short, it should be clear to you, if you win, how much of your compensation or redress you will receive.
What are There Any Costs Involved if I win?
At Claim My Loss, we are committed to transparency. With our No Win, No Fee service, you only pay if we win your case.
The costs involved include a success fee, which is a percentage of your compensation, agreed upon before we begin your claim, which is chargeable from the proceeds of your claim.
The percentage is determined based on claim value and complexity.
We will explain all potential costs upfront so there are no surprises.
If we are forced to take legal action through the courts, other costs may apply such as legal costs insurance (ATE) and court fees, however these would need to be agreed by you before we are able to pursue any legal action.
We will always treat legal action as a last resort as our goal is to provide you with the best financial outcome possible.
Start Your No Win, No Fee Claim Today
At Claim My Loss, we specialise in helping consumers recover losses from mis-sold pensions, investments, and financial products. Our experienced legal team works on a No Win, No Fee basis, meaning you do not pay unless we win your case.
Book a free 30-minute consultation today to find out if you have a claim.
