Endowment Mis Selling
Endowment mis selling was a common occurrence and did not attract the regulators attention until the guarantee was taken away. To discover if you have a case for endowment compensation or simply to get a free valuation please complete the online form
People would buy their endowment policy because they were led to believe by an advisor that it was the most popular or efficient way to pay off their mortgage. Many advisors were not properly trained and this is leading to an extensive number of endowment mis selling claims.
For an online valuation and free compensation assessment of your endowment policy click here
With the downturn in the stock market, endowment policies have dropped considerably in value. You maybe a victim of endowment mis selling and considering surrendering your endowment policy. However, you can fill out our online form and we'll submit your endowment policy details to the leading endowment policy buyer who could help you get up to 35% more than its current surrender value from your life office.
There are two ways of repaying your mortgage: the repayment mortgage and the interest-only mortgage. An interest-only mortgage means you make two separate payments each month. The first payment is to the mortgage lender as interest on the loan.
The second payment is to a savings scheme (in previous years, this was most commonly an endowment policy) which aims to grow over the period of the loan, say 25 years, into a sum which will pay off the original amount borrowed (the 'capital').
Do you find yourself asking these questions?
What does mortgage endowment mis selling mean?
Was I mis-sold an endowment?
How would I know if I was mis-sold?
A mortgage endowment has been mis sold when the adviser who sold the product did not fully explain how the endowment worked and did not ensure it was the most suitable product for you to pay back a mortgage.
Just because you have a shortfall on your endowment mortgage does not mean you were mis sold. Currently many endowment mortgages are expected to fall short of the target amount to pay off the mortgage.
There are a range of things for you to consider if you think
your mortgage endowment policy was mis-sold. To see where you
stand with claiming compensation do not hesitate to fill out
our online form and see if you can claim.
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