Endowment Policies Compensation
Endowment policies compensation is easy to obtain. Up to 5 million people are believed to have been missold an endowment mortgage policy.
The idea is that you pay only the interest and an investment called an endowment, which is supposed to grow enough to pay off the capital at the end. Most endowments however have failed to do this, causing what is know as a shortfall.
Endowment policies compensation has arisen due to the events in the 80’s and 90’s where many home owners were advised by sales people to invest in an endowment policy to pay off their mortgage. Endowment Policies as a repayment vehicle is a policy which provides life cover and is designed to pay off the mortgage and also provide a lump sum on maturity.
Such sales pitches were regularly banded about encouraging sales staff to sell endowments so as to maximise commission earnings. Many of these sales people were badly trained and ended up selling an endowment policy to family, friends or even to themselves.
Quite often a capital repayment mortgage would have been a perfectly suitable repayment vehicle but commissions earnt were less. Many sales agents made their living by selling endowment policies, rightly or wrongly.
You can help to stack the chances of winning endowment policies compensation claim in your favour. Our expertise in this field, together with the legal knowledge of our team of associates, has ensured that our success rate remains consistently high.
Its then up to you to decide whether or not to pursue the claim if you feel you have valid grounds for complaint. And our charges only apply once a suitable offer of endowment policies compensation has been made.
About to surrender your endowment mortgage? Have you considered selling your endowment mortgage on the second hand traded endowment policy market? The policy must have a minimum endowment policy surrender value of £2000.In the majority of cases a better surrender value can be obtained on the traded endowment market, compared to that offered by your life assurance company. The difference can be as much as 35% more for your endowment policy.
You may be one of the 5 million people in the UK who was miss
sold their endowment policy, and it will cost you nothing to
find out. By simply filling out our online form we will assign
an expert in endowment compensation to review your endowment
complaint and with an average payout of £5000 for most
endowment claims, with a no win no fee service you've
got nothing to lose.