Endowment Complaint Letter
Why complain?
Most if not all people are surprised when they are told their endowment policy is linked to a fund investing in the stock market. Most people cannot afford to be taking such a risk when it comes to paying off their mortgage. Despite the risk people continued to invest in endowment policies.
People would buy their endowment policy because they were led to believe by an advisor that it was the most popular way to pay off their mortgage. These advisors were badly trained and hungry for the commissions they would get from each sale.
Endowment misselling was a common occurrence and did not attract the regulators attention until the guarantees were taken away. To discover if you have a case for an endowment compensation claim or simply to get a free valuation please complete the online form.
Research has shown that millions of consumers did not really understand the risks involved when buying an endowment policy to repay their mortgage. If you think you were miss sold an endowment mortgage policy, then its time for you to make a complaint.
A lot of advisers told customers that endowments were guaranteed or would definitely pay off the mortgage and others said there would be lump sums too. This is not grounds for complaint itself but does indicate that you may have been miss sold.
You need to think back to the meetings you had with your adviser and what you were told. There are a number of different things your adviser should have found out about you and should have explained to you.
With the downturn in the stock market, endowment policies have dropped considerably in value. You maybe a victim of endowment miss selling and considering surrendering your endowment policy.
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.