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Endowment
mortgage misselling
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Where you a victim
of Endowment mortgage misselling ?
According to the latest Government
report of the 8.5 million endowment policies still in force, around 80% are in danger of falling
short of the sum required to pay off the policyholder's mortgage with the average shortfall
being £5500 and it has warned the problem is likely to get worse.
The insurers are required to write to
endowment policyholders every two years and inform them whether their investment
is on track to meet the target sum. A Treasury Select Committee Report suggests as
much as 60% of endowment policies may have been mis-sold.
To determine if you received bad advice
when you purchased your endowment policy ask yourself the following questions. If you feel
any of these issues relate to you, then simply complete the contact form at the bottom
of this page and an adviser will contact you.
Do you believe your
endowment policy was appropriate to your needs at the time of sale?
Were all the risks
associated with your endowment policy fully discussed
with you by your advisor at the time of sale?
Did the advisor
discuss with you both the repayment and endowment method to repay your mortgage loan?
Did your advisor promise you
that the full sum assured of your endowment policy was guaranteed to be fully paid at maturity?
Does the endowment term
stretch beyond your retirement age and was this discussed with you at the time of sale?
Did the advisor promise you an
additional surplus lump sum at the end of the endowment term?
For more information about an endowment mortgage misseling or
complaint please click the link below which will take you to our no obligation enquiry form.
Endowment
Mortgage Complaint Information form
Mortgages
GB Home Page
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home may be repossessed if you do not keep up repayments on your mortgage.
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of up to 1% of the loan amount."
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Registered in England & Wales no. 4719270
1st For Finance Ltd is an 'introducer' of clients to regulated Independent Mortgage Advice companies and may receive a introductory fee of up to £11.50.
1st For Finance Ltd is not authorised or regulated by the Financial Services Authority.
The content of this web site is 'information' on the services that are offered by our partner advice companies.
The content of this website must not be taken or used as 'advice'
on the type of mortgage that is most suited to your needs.
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given by our partner companies.
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Of Business for further information.
Registered Office:
7 Fidlas Road Llanishen Cardiff CF14 0LW
Tel:02920 753200
Mortgage Advice Line: 08453 440349 (Answered by Park Row, Cardiff Branch) |
